March 10 2005, 16:57 RBC

Russia: grain purchase into intervention stocks expected in March

In March 2005 grain buying into intervention stocks is expected to begin, Aleksey Gordeev, Russia's Agriculture Minister, reported on the meeting of the Federation Council on agrarian and food policy. According to him, the question about intervention mechanism has been decided with Rosselkhozbank and now the Ministry of Finance has to allot 6.2 billion of rubles to the owner's capital of the bank.