Russia is reportedly evaluating fresh support initiatives for its grain producers, as export limitations in the Azov-Black Sea basin slow the shipment of agricultural products.

According to sources familiar with the matter, measures discussed at a meeting of Russia's Ministry of Agriculture on August 12 include extending the maximum term of short-term concessional loans by up to one year in regions with grain surpluses.

The meeting also addressed subsidies for grain producers, including additional funding for territories in Ukraine controlled by Russia.

RBC Bearings has confirmed that it has begun selecting additional storage capacity for the federal intervention fund.