Russia is girding itself for the possibility of a long haul under Western economic sanctions, as officials in Moscow warn that they see no near-term end to the campaign of economic punishment that the International Monetary Fund has said could shave off almost a tenth of Russia’s economy. A year and a half after the U.S. and European Union launched an effort to punish Russia over its role in the Ukrainian dispute, about 150 individuals have been targeted with travel bans and asset freezes, while dozens of Russia’s biggest banks and energy firms have been cut off from access to Western finance. Russia has retaliated by banning imports of U.S. and European. Read more...
The volume of sanctioned produce destroyed is nearing 400 tonnes.A total of 41 tonnes of regulated produce, including 552kg found in carry-on luggage, was destroyed on Tuesday, the Russian Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) said on Aug. 11. Illegally imported products were found in the Primorsky territory, the Sakhalin and Kaliningrad regions, St. Petersburg and the Leningrad region. As on August 10, the volume of sanctioned produce destroyed amounted. Read more...
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