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Behind the Money

Best Of: How Russia loots grain from Ukraine

Behind the Money

Topher Forhecz

Markets, Investing, News, Banking, Finance, Business, Business News, Crypto

4.4350 Ratings

🗓️ 12 April 2023

⏱️ 17 minutes

🧾️ Download transcript

Summary

This week, we’re revisiting an important episode from last year. Russia’s full-scale invasion of Ukraine in 2022 triggered a global food crisis. Months later, FT correspondents Polina Ivanova, Chris Cook and Laura Pitel found out how Russia aims to profit from this. 


Ivanova explains how she and her colleagues used satellite photos, transponder data and a document trail to track a Russian company’s shipment of 2,675 metric tonnes of milling wheat out of the occupied Ukrainian port of Berdyansk, across the Black Sea and over to a port in Turkey. 


Clips from CNN, PBS

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For further reading:

How Russia secretly takes grain from occupied Ukraine

Russian exit from Ukraine grain deal ‘catastrophic’ for poor nations

Ships going dark: Russia’s grain smuggling in the Black Sea

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On Twitter, follow Polina Ivanova (@polinaivanovva) and Michela Tindera (@mtindera07


Read a transcript of this episode on FT.com





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Transcript

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0:31.8

Recently, the FT's Paulina Ivanova discovered this video on the messaging platform,

0:37.4

telegram. In it, you can see this man who's standing and talking in front of a train being filled up with grain.

0:47.0

The next product, our guavna and sale, so Nikita Basel in this video he's there wearing red chinos and matching red moccasins and

0:57.6

he's a Russian businessman standing in the Zepparizio region of which you know Russia seized in in March.

1:04.3

Nikita Busel's company is a government-run firm called the state grain operator

1:09.9

and this video is basically a propaganda pitch directed toward local farmers who are living in this occupied part of southeastern Ukraine.

1:19.0

It's actually an hour-long video all about what Russia is doing for the economy of this region after it was seized

1:25.6

by Russian troops and it talks about other industries as well but there's a big focus on grain because

1:29.8

sapphire region is obviously it's a big grain producer.

...

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