Recent sanctions implied on Russian businessmen and politicians create complications for exporters. While sanctions formally are not applied to grain traders, several biggest Swiss banks cease financing of grain goods purchase inside of Russia. This will force most of significant players either to use their own resources either search for alternative financing from Russian or Foreign banks (like UAE banks and other). Under these circumstances we expect market decrease up to 20% in next two weeks. Decreasing shall be additionally supported by weak Ukrainian economy as well as with falling BDI
