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Group operations facing 'minimal impact' from events in Russia and Ukraine: Don Agro

Felicia Tan
Felicia Tan3/2/2022 08:10 AM GMT+08  • 3 min read
Group operations facing 'minimal impact' from events in Russia and Ukraine: Don Agro
Despite the minimal impact, Don Agro says it may face challenges in raising significant long-term borrowings in the future
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The ongoing Russia-Ukraine crisis has caused minimal disruption to Don Agro’s operations, as its crops and milk are sold directly to traders who purchase and collect commodities from the group’s facilities in Russia, says the agricultural group in a statement released during the wee hours of March 1.

“All raw materials necessary for the production are available as usual, with the majority of raw material necessary for the spring agricultural works already purchased and delivered to the group’s warehouses,” reads the statement.

The decline in the Russian rouble (RUB) will not impact Don Agro’s operations either, as the rest of its harvest in 2021 was sold at the beginning of 2022 at tender prices that are determined by international commodities exchanges.

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