Russian food industry's pivot to China sows rewards and risks

Far East soybean ambitions raise concerns of overproduction and overdependence

20210902 imported soybeans

Imported soybeans in China: The Russian Far East is seen as a promising source of the staple. © Reuters

DIMITRI SIMES JR. and TATIANA SIMES, Contributing writers

MOSCOW -- Food trade with China is generating billions of dollars worth of business for Russia and quietly becoming a major part of President Vladimir Putin's drive to tighten ties with Beijing. Central to the strategy is the Russian Far East, a region in the spotlight this week as Vladivostok hosts the Eastern Economic Forum to drum up investment.

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