Clean Break: the company completely halting Russian engagements or exiting Russia
Leave Withdrawal
Louis Dreyfus Company (LDC) is an international agricultural trading company. Louis Dreyfus Company B.V. (LDC), also called the Louis-Dreyfus Group, is a French merchant firm with HQ in Netherlands that is involved in agriculture, food processing, international shipping, and finance. The company owns and manages hedge funds, ocean vessels, develops and operates telecommunications infrastructures, and it is also involved in real estate development, management and ownership. Along with Archer Daniels Midland, Bunge, and Cargill, the Louis-Dreyfus Group is one of the four "ABCD" companies that dominate world agricultural commodity trading.
Clean Break: the company completely halting Russian engagements or exiting Russia
Leave WithdrawalRussian agricultural giant, Steppe Agroholding, also has its international trading arm Steppe Trading in Lausanne. The status of their joint venture with Swiss trader LDC, called RZ Agro, which grows grain on its own land in Russia, is unclear.
Suspend operations in Russia. "Louis Dreyfus Company (LDC) will cease grain exports from Russia from July 1, 2023, as grain export challenges continue to increase in the country, and is also assessing options for the transfer to new owners of its existing Russian business and grain assets," LDC said in a statement. Global grain traders - Cargill, Viterra, Louis Dreyfus have stopped exporting Russian grain since July 1, 2023 and are leaving Russia. They informed the Ministry of Agriculture of the Russian Federation about this decision, as well as the fact that they are starting to work out the issues of transferring their business to new owners back in March of 2023. Russian President Vladimir Putin has approved the acquisition of 100% of the shares in a elevator company owned by trading and food processing firm Louis Dreyfus Company (LDC) to an unnamed buyer, a government document showed.