Maxim Basov pointed out that lifting embargo on the food supply from Turkey would not significantly influence the project: “Food import ban isn’t that important. Nothing matters more than a dramatic reduction of subsidies – and the project is very dependent on subsidies – in connection with the budget’s travails. Serious discussion is underway. I suppose that we will take a decision next week,” explained Mr Basov.
As a reference, in October, Rusagro owner, Vadim Moshkovich, announced that the group would make a decision on the greenhouses complex construction in the Tambov region until the end of the year, after the risks were assessed.