The public grain operator in Russia JSC United Grain Company proposes to found the common grain reserve fund within frames of the Shanghai Cooperation Organization (Russia, China, Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan), declared Aram Gukasyan, Provisional General Director of the company, on October 9.
In addition, the reporting reserve fund can be used for provision of humanitarian supplies and to cure the effects of natural disasters.
United Grain Company can receive, store and ship grains from the reporting common fund at the territory of the Russian Federation, using the infrastructure facilities of the company, A.Gukasyan explained the company's role in the project.
At the same time, he said that United Grain Company has not discussed the project parameters of the project and its funding sources yet.
