Billionaire Deripaska Targets China to Expand Russian Food Sales
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The agricultural division of Russian billionaire Oleg Deripaska’s Basic Element plans to export pork, wheat and soybeans to China to tap into the “explosive” growth in the Asian country.
Basic Element, a diversified group with stakes in everything from energy to aviation, plans to start producing 10,000 to 15,000 metric tons of pork in Siberia to ship to China and other Asian countries, said Andrey Oleynik, managing director of the company’s agribusiness management directorate.