The event, held on September 10 in Moscow, was opened by Alexei Yakovitsky, Global CEO at VTB Capital
, and hosted by Carlos Bañón, Head of VTB Capital’s international commodities business
. It was attended by international millers and other agricultural companies accounting for one third of the volume of Russian grain exports, with a wide geographical scope spanning from West and North Africa to South East Asia, passing through the Middle East. . The main objective of the event is to interact with representatives of grain enterprises and agro-industrial complexes.
Alexei Yakovitsky explained the push the bank is making into the sector: “Grains are a strategic export for Russia, and VTB sees the opportunity to contribute to the development of the market by creating an integrated origination and global trading company”.
Atanas Djumaliev, Head of Global Commodities at VTB Capital, commented on the success of the conference: “The conference was well attended and there was a genuine interest from the participants to partner with VTB in this strategic phase of the development of our business. We’re entering this market with great energy and determination to become the partner of choice for international buyers of Russian grain.”
Previously, VTB has acquired grain terminal from Novorossiysk Commercial Sea Port and rail logistics company with a vision to become a leading exporter of Russian products and a market force in other regions. VTB has plans to focus on and expand this business, entering a turf historically dominated by large international giants such as Glencore, Cargill and Louis Dreyfus.
VTB plans to make this an annual event and to hold the conference again in 2020.