Russia's farmland market remains attractive to investors, both foreign and domestic, despite the apparent snub presented by Black Earth Farming's decision to quit, with prices soaring by up to 60% last year.
Black Earth Farming revealed it had agreed, in essence, a $200m takeover by a Russia's Kukura family in the most high profile of a series of retreats by foreign investors from the Black Sea agricultural market.
Sino-Russian fund of agricultural development is exploring the possibility of financing 17 agricultural enterprises in Russia’s Far East, with a decision to provide four projects with $480 million in funds soon to be taken.
Trigon Agri shares tumbled 11%, matching their record low, after the former Soviet Union farm operator unveiled a widening in losses and weakening in its balance sheet, and termed 2016 a "year of challenges".
State-backed Russia Direct Investment Fund announced plans on Wednesday to sign an agreement with Thailand's Charoen Pokphand Group on joint investments in the construction of a $1 billion milk and dairy complex in the Ryazan region of Russia.
Russian billionaire Rashid Sardarov, who bought large tracts of land in Namibia, is among the long−serving clients of Mossack Fonseca, a disgraced law firm known for aiding the rich to hide their wealth in tax havens
Kremlin says 51% of the $9.8bn management company will be held by the Russian Federation and 49% by Chinese partners and specifies that land can only be provided to Russian companies for agricultural production.
"Our main priority in the Far East is to provide the conditions for investment in agricultural and infrastructure spheres," says Russian Agriculture Minister Alexander Tkachev, naming several regions near China's northeast.