Russian President Vladimir Putin on Saturday extended an embargo on Western food imports introduced in 2014 until the end of 2021, an economic measure that mainly affects EU imports. The Russian embargo was in response to EU sanctions introduced afterRussia's annexation of the Crimean peninsula, sanctions that Brussels renewed for another six months at the end of June. The EU has refused to recognize Russian's March 2014 annexation of Crimea and has condemned Moscow's support for separatists that control parts of eastern Ukraine that borderRussiaas a violation of international law. Western sanctions have hit all parts of the Russian economy and that,. Read more...
The Ministry has summed up the six-year results of the food counter embargo introduced by the Presidential Decree No. 560 as of August 6, 2014 "On Application of Certain Special Economic Measures to Ensure the Security of the Russian Federation". Over this period, the Russian agro-industrial complex has displayed significant development dynamics. Today Russia is well self-sufficient in basic food products, whilst actively increasing its agriexport potential. According to the Minister of Agriculture Dmitry Patrushev, the most important result of recent years is tens of thousands of jobs in the agricultural sector: “Starting up and intensive. Read more...
Russia's 'full embargo' against EU food will affect 10% of the EU's food exports. Meanwhile, the Russian people are deprived of fresh goods until the trade ban is lifted. Russia's embargo against food from the European Union will affect 10% of the EU's food exports and may cause a crisis of glut in Europe, industry experts said on Thursday. The figures, at face value, mean that Russia's announcement on Thursday of a "full embargo" against EU food will deprive Russians of fresh goods in particular. But it will also have a significant effect on many exporters who will now have to find new outlets and may lose markets to. Read more...
The Ministry of Agriculture, Livestock and Food Supply (MAPA) announced recently that Russia could lift the embargo on Brazilian pork by the end of August. MAPA's minister Blairo Maggi said during the ExpoFenabrave event that he had discussed with the Russian counterpart Dmitri Patrushev and the Russian President Vladimir Putin about the technical issues regarding Brazilian pork imports. Furthermore, Maggi declared that there were no political impediments and that the country is adjusted to Russia's technical trade demands. The Brazilian minister also recalled the first wheat shipment that arrived from Russia in Brazil, which was one of the. Read more...
The European Commission has confirmed that it has made little headway in talks with Russia to restore pork trade, after being accused of “not doing enough”. Read more...
EU farming body Copa-Cogeca has called on the European Commission (EC) to step up efforts to reopen trade with Russia, as Europe’s pork. Read more...
The EU farming body Copa-Cogeca has urged farm ministers to open trade talks with Russia – once a key market for pork – as the beleaguered industry continues to. Read more...
In the past two years, the Russian government has introduced sanctions against a number of countries, including the U.S., Australia, the EU member states, and now Turkey. Why is Moscow restricting imports and how is this embargo affecting Russia itself? Authorities removed 44.8 tons of banned goods from stores in the first half of 2015 and are destroying sanctioned products seized at the border. Source: Ria Novosti/Viktor Tolochko In August 2014, Russia introduced sanctions for the first time in modern history, responding to measures against Moscow undertaken by certain countries because of its role in the Ukrainian crisis. The EU and the U.S. took action. Read more...
The first elements of the special aid package for EU farmers worth €500 million, announced by the European Commission in early September, have now been adopted by the European Commission. Draft rules for most of the other measures have also been presented to Member State experts and will formally be approved in the coming days and weeks. The largest part of the package is a targeted aid scheme worth 420 million EURO, which is allocated to Member States in the form of national envelopes for distribution mainly to dairy and pigmeat farmers, targeting those sectors that have been most adversely affected by the market situation. To aid cash-flow difficulties,. Read more...
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...
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