
The report explains that Ukrainian farmers trapped under occupation have had to sell their crops for a pittance to Russian buyers. Prices offered were sometimes as low as 10% of retail value.
Texty estimates Russia may have generated over $5 billion total by exporting occupied territories' grain harvests of 2021, 2022, and 2023. This calculation is based on crop area and yield data cross-referenced with historical export pricing from the Moscow Stock Exchange.
Even if not directly padding state budgets, these massive grain sales still enrich and sustain Russia's crumbling economy "by covering logistics costs, salaries and simply enriching Russians engaged in the supply chain," Texty says. Russia's theft of Ukraine's crops may constitute a war crime, lawyers from the international law firm Global Rights Compliance said in a recent report:Russia’s “unprecedented” Ukrainian grain theft premeditated war crime, legal report suggests