Posted 4/10/2024, 7:26:17 PM
Russia Seizes Farms and Assets from Major Agricultural Firm Amid Sanctions Fallout
- Russia seizes over 650,000 acres of farmland and other assets from AgroTerra Group, a major agricultural company
- Move is retaliation against companies from "unfriendly" countries amid geopolitical tensions
- AgroTerra is a top 20 largest owner of farmland in Russia, with over 265,000 hectares
- Seizure raises concerns over impact on food production, exports, and global supply chain
- Part of broader trend of Russia targeting foreign assets in response to sanctions over Ukraine conflict