Russian Grain Trader TD Rif Suffers Huge Losses as Wheat Exports Disrupted Amid Tighter Kremlin Control
• Russian grain trader TD Rif says wheat exports disrupted, causing "huge losses", after cargoes faulted by regulators • Shows growing turmoil among Russian traders since invasion of Ukraine and Kremlin tightening control • TD Rif was a top Russian wheat exporter, quickly growing since founded in 2010 • Russian agricultural regulator alleges over 80% of TD Rif's grain shipments non-compliant with standards • TD Rif now vying with Grain Gates as a top Russian grain exporter after similar volumes in recent seasons