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...
One of the results of the food embargo imposed in Russia in August 2014 was the rise in food prices. This is stated in a study that analysts from consulting company KPMG conducted for RBC. Experts note that over five years, prices have risen both for products that have been banned from importing, and for those that were previously produced in Russia. Most of all butter (by 79%), frozen fish (68%) and cabbage (62%) have risen in price. Wheat flour (by 25%), pasta (34%) and sunflower oil (35%), which were previously mainly produced in Russia, significantly increased in price. The reason for the price rise was the dependence of Russian producers on imports,. Read more...
A positive effect from Moscow’s embargo on food imports from the West is reported by nearly one in two Russian businessmen, as their enterprises benefit from edging out Western rivals,Izvestiawrites citing research byBusiness Russia. The study reveals that 40% of entrepreneurs see only advantages from the exit of foreign producers from Russia’s market, while the other 60% have described the counter sanctions as negative. Some 2,000 businesspersons in the trade sector were questioned, 30% of whom are doing business in one or two neighboring regions, while only 2% operate across Russia. Since the restrictive measures were introduced in 2014, many. Read more...
One of the results of the food embargo imposed in Russia in August 2014 was the rise in food prices. This is stated in a study that analysts from consulting company KPMG conducted for RBC. Experts note that over five years, prices have risen both for products that have been banned from importing, and for those that were previously produced in Russia. Most of all butter (by 79%), frozen fish (68%) and cabbage (62%) have risen in price. Wheat flour (by 25%), pasta (34%) and sunflower oil (35%), which were previously mainly produced in Russia, significantly increased in price. The reason for the price rise was the dependence of Russian producers on imports,. Read more...
The initiative of the Federal Customs Service (FCS) to expand the Russian food embargo from 2014 did not find support in the Ministry of Agriculture. Officials agreed that the inclusion of entire groups of products in the list of prohibited goods could undermine the stable operation of enterprises and lead to supply disruptions. The authorities can return to discussing the expansion of pro-bargo with the introduction of new anti-Russian sanctions. The Ministry of Agriculture recognized the proposal to expandfood embargo asinappropriate.The authorities of the Russian Federation imposed a food embargo on August 7, 2014 as a retaliatory measure against the sanctions of a. Read more...
Russia aims to maintain its food embargo for as long as possible to protect investment in the country’s meat industry, Russian president. Read more...
Ukraine has lost $1bn-worth of trade thanks to the Russian-inflicted food embargo, according to Natalia Mykolska Ukraine’s Deputy Minister of. Read more...
A string of European countries have called for targeted measures to alleviate the impact of Russia’s import ban on EU. Read more...
The Russian Agriculture Ministry prepares draft Government decree to extend food embargo until the end of 2017. At the same time, the ministry does not propose to expand the list of the products prohibited for import to Russia, Agriculture Minister Alexander Tkachev told journalists on Friday. "The Russian Agriculture Ministry has already started to prepare the draft decree providing extension of the response measures until the end of 2017. The list of food products is not planned for expansion, we are talking only about extending the duration," he said, adding that extension of food embargo is "good news for domestic agricultural. Read more...
The Russian government has decided to ease the food embargo introduced against Western countries and allow the import of poultry meat, beef and vegetables used for baby food. The food embargo against the EU countries, U.S., Canada, Australia and Norway was introduced on August 7, 2014. Source: Ingimage / Vostock-photo The Russian government has moderated the embargo conditions placed on products imported from the U.S., Canada, Australia, the EU countries, Ukraine and several other European countries. The ban has been lifted on poultry meat, frozen beef and dried and frozen vegetables used in the production of baby food. The rulingwas publishedon the official site. Read more...
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