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6/24/2025, 9:52:26 PM
KEKAROOO:
Russia Taps Turkish Firm for 3 Billion Ruble Banana Project in Import Substitution Push
A Turkish-owned company is investing 3 billion rubles ($34 million) to establish Russia's first large-scale commercial banana plantation, a project championed by regional authorities as a key part of the Kremlin's drive for food self-sufficiency.
The greenhouse complex, to be located on a 46-hectare plot in the southern Stavropol region, aims to produce approximately 1,400 tons of bananas annually, with the first harvest anticipated in 2027. The project is being implemented by GenGroup, an Istanbul-based agricultural firm, through its local subsidiaries Gengrupp Rus and GenGroup Qazaqstan.
The initiative has secured high-level government backing. Russia's Ministry of Agriculture is moving to classify bananas as an official agricultural product, a designation that would make the project eligible for state subsidies and other support measures. Stavropol Governor Vladimir Vladimirov confirmed the plans, adding that the development could expand to include other tropical fruits like mangoes and avocados, as well as open-ground pistachio and almond orchards.
This venture underscores Russia's ongoing strategy to substitute imports and insulate its economy from sanctions and international supply chain volatility. Traditionally, Russia has been one of the world's largest importers of bananas, primarily from Ecuador. The "sovereign bananas" project, as it has been dubbed by proponents, aims to develop domestic production capabilities, even for products far outside Russia's natural climate zones.
The project will be located in the "Nevinnomyssk" priority development zone, which offers investors tax breaks and other benefits.
Russia Taps Turkish Firm for 3 Billion Ruble Banana Project in Import Substitution Push
A Turkish-owned company is investing 3 billion rubles ($34 million) to establish Russia's first large-scale commercial banana plantation, a project championed by regional authorities as a key part of the Kremlin's drive for food self-sufficiency.
The greenhouse complex, to be located on a 46-hectare plot in the southern Stavropol region, aims to produce approximately 1,400 tons of bananas annually, with the first harvest anticipated in 2027. The project is being implemented by GenGroup, an Istanbul-based agricultural firm, through its local subsidiaries Gengrupp Rus and GenGroup Qazaqstan.
The initiative has secured high-level government backing. Russia's Ministry of Agriculture is moving to classify bananas as an official agricultural product, a designation that would make the project eligible for state subsidies and other support measures. Stavropol Governor Vladimir Vladimirov confirmed the plans, adding that the development could expand to include other tropical fruits like mangoes and avocados, as well as open-ground pistachio and almond orchards.
This venture underscores Russia's ongoing strategy to substitute imports and insulate its economy from sanctions and international supply chain volatility. Traditionally, Russia has been one of the world's largest importers of bananas, primarily from Ecuador. The "sovereign bananas" project, as it has been dubbed by proponents, aims to develop domestic production capabilities, even for products far outside Russia's natural climate zones.
The project will be located in the "Nevinnomyssk" priority development zone, which offers investors tax breaks and other benefits.
6/24/2025, 8:45:25 PM
Okay, the next one is I can't even fucking joke about, KEKAROOO:
Russia Taps Turkish Firm for 3 Billion Ruble Banana Project in Import Substitution Push
A Turkish-owned company is investing 3 billion rubles ($34 million) to establish Russia's first large-scale commercial banana plantation, a project championed by regional authorities as a key part of the Kremlin's drive for food self-sufficiency.
The greenhouse complex, to be located on a 46-hectare plot in the southern Stavropol region, aims to produce approximately 1,400 tons of bananas annually, with the first harvest anticipated in 2027. The project is being implemented by GenGroup, an Istanbul-based agricultural firm, through its local subsidiaries Gengrupp Rus and GenGroup Qazaqstan.
The initiative has secured high-level government backing. Russia's Ministry of Agriculture is moving to classify bananas as an official agricultural product, a designation that would make the project eligible for state subsidies and other support measures. Stavropol Governor Vladimir Vladimirov confirmed the plans, adding that the development could expand to include other tropical fruits like mangoes and avocados, as well as open-ground pistachio and almond orchards.
This venture underscores Russia's ongoing strategy to substitute imports and insulate its economy from sanctions and international supply chain volatility. Traditionally, Russia has been one of the world's largest importers of bananas, primarily from Ecuador. The "sovereign bananas" project, as it has been dubbed by proponents, aims to develop domestic production capabilities, even for products far outside Russia's natural climate zones.
The project will be located in the "Nevinnomyssk" priority development zone, which offers investors tax breaks and other benefits.
Russia Taps Turkish Firm for 3 Billion Ruble Banana Project in Import Substitution Push
A Turkish-owned company is investing 3 billion rubles ($34 million) to establish Russia's first large-scale commercial banana plantation, a project championed by regional authorities as a key part of the Kremlin's drive for food self-sufficiency.
The greenhouse complex, to be located on a 46-hectare plot in the southern Stavropol region, aims to produce approximately 1,400 tons of bananas annually, with the first harvest anticipated in 2027. The project is being implemented by GenGroup, an Istanbul-based agricultural firm, through its local subsidiaries Gengrupp Rus and GenGroup Qazaqstan.
The initiative has secured high-level government backing. Russia's Ministry of Agriculture is moving to classify bananas as an official agricultural product, a designation that would make the project eligible for state subsidies and other support measures. Stavropol Governor Vladimir Vladimirov confirmed the plans, adding that the development could expand to include other tropical fruits like mangoes and avocados, as well as open-ground pistachio and almond orchards.
This venture underscores Russia's ongoing strategy to substitute imports and insulate its economy from sanctions and international supply chain volatility. Traditionally, Russia has been one of the world's largest importers of bananas, primarily from Ecuador. The "sovereign bananas" project, as it has been dubbed by proponents, aims to develop domestic production capabilities, even for products far outside Russia's natural climate zones.
The project will be located in the "Nevinnomyssk" priority development zone, which offers investors tax breaks and other benefits.
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