You searched for "sanctions" (10 results found)

Russia:Food prices will rise

  • 12 Sep 09:54

Russia:Food prices will rise Food prices in Russia are forecasted to rise. This is reported by RBC with reference to the largest associations of manufacturers and retailers. It is noted that price increases may be provoked by new fines, which the Ministry of Industry and Trade proposed to introduce as sanctions for violations of the requirements of the Customs Union. Here we are talking about a fine of 3% of the annual income received from the sale of products. At the same time, at least 2 million rubles will be charged. The measure of responsibility is planned to apply to manufacturers and sellers who have violated the technical regulations of the Customs Union. If the law is adopted, amendments. Read more...

Russia Reduced Food Imports by a Third Since Putin’s Import Ban

  • 7 Aug 10:32

Russia Reduced Food Imports by a Third Since Putin’s Import Ban The value of imported food in Russia has reduced by 31.2% in the five years since President Vladimir Putin imposed a ban on western imports as a response to U.S. and EU sanctions,RIA Novostireported. Russian food imports have dropped from $43.3 billion in 2013 to $29.8 billion in 2018, following an extensive import substitution program on all levels, the Agriculture Ministry said in a statement. “Thanks to the implementation of the import substitution policy, Russia has achieved and outstripped the threshold values of the Food Safety Doctrine for a number of key food products,” the ministry stressed. In particular, in the segment of grain and leguminous. Read more...

Ruble to Strengthen After U.S. Sanctions Prove Less Severe Than Feared: Analysts

  • 6 Aug 12:15

Ruble to Strengthen After U.S. Sanctions Prove Less Severe Than Feared: Analysts The ruble proved resilient to other emerging-market assets collapsing on Monday, after the latest round of U.S. sanctions proved less severe than investors feared,Bloombergreports. While developing-nation assets tumbled on Monday as the U.S.-China trade warescalated, the ruble climbed for the first time in seven sessions and bonds were flat. Russian markets slid on Friday after initial reports of the new restrictions, which for the first time extended to the official debt. “The draconian sanctions that many had in their negative scenarios weren’t realized,” said Valery Vaisberg, head of research at Moscow-based investment houseRegion. “The. Read more...

Putin: Sanctions Cost European Economies $240bn, While Russia Lost $50bn

  • 24 Jun 10:52

Putin: Sanctions Cost European Economies $240bn, While Russia Lost $50bn Western economic restrictions have deprived the Russian economy of $50 billion, but the European Union has been hit harder, losing $240 billion since 2014, Russian President Vladimir Putin said,RTreported. Other countries also felt the impact of anti-Russian sanctions, Putin said as heanswered citizens’ questions during the annual Direct Line Q&A sessionin Moscow on Thursday. The United States, which does not have the biggest trade turnover with Russia, has lost $17 billion due to sanctions, while Japan lost $27 billion, RT adds The Russian President added that the West is unlikely to significantly change its attitude toward Russia anytime soon, so Russia. Read more...

Goals, resources and results from Russia's trade wars

  • 16 Nov 06:57

Goals, resources and results from Russia's trade wars Conflicts can be solved diplomatically, militarily or economically. Russia has had disputes with Turkey over tourism and Egypt over wheat exports. The Kremlin has even fought economic battles over fruits and vegetables. Moscow has criticized the West for its economic sanctions against Russia.But the Kremlin has demonstrated it is also willing to use an economic weapon: the embargo. The latest example came in a dispute over Russian wheat exports to Egypt, which over the past year has represented the most important foreign market for Russian grain. International standards allow up to 0.05 percent of the crop to contain ergot fungus. In 2016, Cairo. Read more...

Russian import ban extension slammed

  • 7 Jun 10:43

Russian import ban extension slammed Russia’s plan to extend its import ban to a range of EU, US, Canadian, Australian and Norwegian food exporters until December 31, 2017 has been met with criticism. Read more...

Pig crisis due to oversupply, not due to Russia

  • 2 Jun 08:56

Pig crisis due to oversupply, not due to Russia The current European pig crisis is mainly caused by overproduction, and not by the Russian ban on agricultural produce. That is the view of Robert Hoste, pig production economist at theAgricultural Economics Institute(LEI) ofWageningen University and Research, the Netherlands. Hoste spoke last week at the annualEuropean Pig Producers congressheld in Dublin, Ireland. One of the major themes these days in Europe's pig industry, is the current price crisis, as the business hasn't been a profitable one for a while – with ongoing low prices per pig and ongoing societal demands for investments. Situation with Russia is blamed, ASF closed. Read more...

How much are Western sanctions hurting Russia's economy?

  • 24 Dec 07:17

How much are Western sanctions hurting Russia's economy? The difficult economic conditions have forced Russian businesses to reassess, which could be a good thing in the long run. Sanctions hurt, but low oil prices hurt more. Source: Shutterstock / Legion-Media Sanctionsimposed by Western nationson Russia over its involvement in the Ukraine crisis and absorption of Crimea have hurt the country’s economy, but not mortally wounded it. The collapse of oil prices and the subsequent devaluation of the ruble have done far more damage. But faced with this double whammy, the Kremlin is in crisis mode and trying to stitch together a rescue package. In the long run, the current squeeze may end up being a boon for Russian. Read more...

Sanctions: Russia braces for long haul

  • 18 Sep 10:27

Sanctions: Russia braces for long haul 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...

Russia to take countermeasures to U.S. decision to expand sanctions

  • 3 Sep 10:05

Russia to take countermeasures to U.S. decision to expand sanctions Moscow will take countermeasures in response to the U.S. decision to expand its sanctions against Russia, the Russian Foreign Ministry said. "We emphasize that the U.S. should not cherish illusions regarding the possibility that it can continue this line without negative consequences for itself. We will take countermeasures, but not necessarily mirror [the U.S. expansion of sanction lists]," the Russian Foreign Ministry said in a commentary on its website on Wednesday. "Washington's actions devalue its own signals on its interest in cooperation with us in solving a number of pressing international problems. It looks like the futility of attempts. Read more...