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Dutch company benefits from trade with Russia?

Dutch company benefits from trade with Russia?

According to de Volkskrant, the sales volume of Vitera, which is one of the largest grain traders in the world and the largest exporter of foreign grain in Russia, has doubled due to rising food prices.

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Dutch company becomes rich from trade with Russia

When companies like Shell and McDonald’s withdrew from Russia after the country invaded Ukraine – often with heavy losses – grain merchant Vitera decided to stay, the paper says. The company operates, among other things, in the port of Taman on the Russian Black Sea coast.

“The Dutch run the grain plant with a Russian partner, whose shareholders, according to our results, are the Russian bank VTB and two oligarchs,” wrote De Volkskrant, noting that the bank is closely linked to the Kremlin and subject to EU sanctions. The company replied that despite the war, it must continue to provide food for the world. “It also fills the Kremlin’s war treasury,” says the Dutch newspaper.

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