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card," Lavrov said. "The cause of the crisis is in the West’s actions, which printed trillions of dollars and euros at the start of the COVID-19 pandemic, feverishly buying food stocks worldwide," the Russian top diplomat said. "The lion’s share of grain supplies from Ukraine goes at dumping prices as fodder to the European Union and not to the poorest countries," he added.
The Russian grain export target for the current agricultural season stands at 60mn metric tonnes, the Ministry of Agriculture said on March 2, citing First Deputy Minister Oksana Lut. "The target for the entire season is about 60mn metric tonnes, making it possible to establish required stocks and support the country’s food security," the Ministry said. It was reported earlier that the forecast for the Russian wheat harvest in 2023 was revised downward from 86mn to 85.3mn metric tonnes.
9.1.7 TMT sector news
The Russian advertising market declined by 2% in 2022 to RUB392bn ($5bn) in 2022, Vedomosti daily reported citing the Association of Communication Agencies of Russia (ACAR). The biggest share of the ad market in 2022 was for the internet, which also slid by 2% to RUB325bn, posting decline for the first time in the history of observations.
The internet ad market is in focus, as it is the main revenue source for such
174 RUSSIA Country Report Russia April 2023 www.intellinews.com