An export ban covering a period of more than four months shall be imposed by Russia.  Hitting the ban starting August 15, Sunday, will be grain and and other crop produce.  Russia takes on this course of action as the drought has caused a major effect on the crops the country makes. How big is big time? Here’s how.
The exact period for the ban is from August 15 to Dec 31, 2010. This was given in a statement from Dmitry Peskov, spokesman to Prime Minister Vladimir Putin. In an earlier statement from Putin himself, he said that it is ‘appropriate’ to impose the export ban as the drought hit central Russia and the length of Volga River, forcing the government to declare a state of emergency in the country’s 28 major crop-producing areas.

Kirill Podolsky, CEO of Valars Group, the country’s third-biggest grain trader, said: “As of today, Russia has no grain market. This will be a catastrophe for farmers and exporters alike.”
Podolsky further said there is even a possibility that Russia will call off deliveries of around 600 thousand metric tons of wheat to Egypt due to the ban.  Valars itself will at right away discontinue its exports, which includes a pending load for Egypt as well.  This is brought about by anxieties that customs will control the deliveries until the ban is in effect, Podolsky added