Russia has reaffirmed its commitment to strengthening food security and expanding bilateral trade with Bangladesh, offering to supply urea fertilizer and essential food commodities at competitive prices.
The proposal was discussed during a courtesy meeting between a Russian delegation, led by the Chargé d’Affaires of Russian Federation to Bangladesh, Vyacheslav Sentyurin, and Khandoker Abdul Muktadir, minister for Commerce, Industries, and Textiles and Jute, at the Ministry of Commerce in Bangladesh Secretariat on Tuesday.
Abdun Naser Khan, Secretary of the Ministry of Industries, and other relevant officials were also in attendance.
During the meeting, the Russian delegation expressed interest in supplying approximately 280,000 metric tonnes of urea fertilizer to Bangladesh Chemical Industries Corporation (BCIC) through JSC FEC Prodintorg on government-to-government (G2G) basis.
Notably, Russia offered to provide urea fertilizer at a price $10 lower per metric tonne than the rates currently paid by Bangladesh to other importing nations. This cooperation is expected to ensure a reliable fertilizer supply while reducing overall import expenditures.
The discussions also focused on expanding the supply of essential commodities under the existing Memorandum of Understanding (MoU) between Trading Corporation of Bangladesh (TCB) and JSC FEC Prodintorg.
The Russian side offered to supply sunflower oil, yellow peas, chickpeas, red lentils, and green lentils, assuring continued support to maintain Bangladesh’s food security and market stability.
Minister Khandoker Abdul Muktadir welcomed Russia’s interest in trade expansion and commended their ongoing cooperation in supplying wheat and Muriate of Potash (MOP) fertilizer.
Terming Russia a “trusted friend,” the minister expressed optimism that economic ties and bilateral trade would continue to grow based on mutual interest and benefit.
Both parties concluded the meeting by agreeing to maintain regular communication to further strengthen their economic partnership, increase investment, and expand bilateral trade.
