# 'Dear Vladimir': VTB Asks for Putin's Help to Create Russian Grain Champion - The Moscow Times

> State-owned VTB bank asked President Putin, in a letter dated June 26, to back a plan to create a Russian grain champion. The plan would give the state more control over grain exports and reduce the role of foreign traders such as Glencore, Cargill and Louis Dreyfus. Putin's handwritten notes on the letter told the government to consider the proposal.

- Date: 2019-08-23 · published 2019-08-23T12:00:00.000Z
- Category: policy · region Russia · magnitude low
- Page: https://feedsoft.ai/events/57461-dear-vladimir-vtb-asks-for-putin-s-help-to-create-russian-grain-champion-the
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Greater state control over Russian grain exports could alter export volumes and timing, adding uncertainty to Black Sea wheat supply and possibly supporting world wheat prices.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-09-16 | [Grain markets react to Russian export duty news: Grain market daily \| AHDB](https://feedsoft.ai/events/7573-grain-markets-react-to-russian-export-duty-news-grain-market-daily-ahdb.md) | +0.3% | +1.5% |
| WHEAT | 2024-06-01 | [Russia Clinches More Grain Control Just as Wheat Prices Spike](https://feedsoft.ai/events/14305-russia-clinches-more-grain-control-just-as-wheat-prices-spike.md) | -5.6% | -12.3% |
| WHEAT | 2018-03-13 | [Putin’s Policies Set To Deal A Soft Blow To Modi’s Farmer Outreach Efforts](https://feedsoft.ai/events/65963-putin-s-policies-set-to-deal-a-soft-blow-to-modi-s-farmer-outreach-efforts.md) | -1.6% | +0.5% |
| WHEAT | 2020-01-29 | [Russian wheat export forecast cut on weak pace and low crop - The Sizov Report blog](https://feedsoft.ai/events/54924-russian-wheat-export-forecast-cut-on-weak-pace-and-low-crop-the-sizov-report.md) | -0.4% | +2.9% |
| WHEAT | 2024-10-31 | [Russia’s tacit grain export curbs cause market confusion](https://feedsoft.ai/events/27901-russia-s-tacit-grain-export-curbs-cause-market-confusion.md) | +0.0% | -1.9% |

## Sources

- themoscowtimes.com: https://www.themoscowtimes.com/2019/08/23/dear-vladimir-vtb-asks-for-putins-help-to-create-russian-grain-champion-a66996

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.