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Food Industry News

Canktsii against Russia in cost $ 9,3 billion

Russian food embargo cost foreign suppliers 9,3 billion dollars. About this on Monday, May 23, said the Analytical Center under the Government of the Russian Federation.

The first wave of counter-sanctions (August 2014) was the strongest.

The ban included beef, pork, poultry, fish, milk and dairy products, some vegetables and fruits, nuts produced in the EU countries, the USA, Canada, Australia and Norway. The center's report said that the total value of the goods that the restriction touched was 9,1 billion dollars.

The second wave (June-August 2015 of the year) expanded the restrictions on Iceland, Albania, Montenegro and Liechtenstein. She increased the cost of the embargo on 241 million dollars.

Thus, the loss of suppliers in 2015 year amounted to 9,3 billion dollars. The study did not take into account prohibitions on the supply of products from Turkey and Ukraine.

In August, 2014, Russia, in response to the sanctions imposed due to the annexation of the Crimea and the conflict in the Donbas, imposed a food embargo on EU member states, as well as the United States, Australia, Canada and Norway. 24 June 2015 President Vladimir Putin extended the effect of counter-sanctions for a year - until 6 August 2016.

See also ... 31/08/2015 Imports of sanctions products to Russia halved03 / 12/2015 The RSHN returned 185 tons of products to Turkey in a week10 / 07/2015 Tkachev admits the expansion of pro-embargo20 / 11/2015 What new sanctions of Russia mean for Ukraine25 / 06 / 2015 Countries that fell under the embargo lost $ 2,5 billion16 / 12/2014 Fedorov: Russia replaced anti-sanction products24 / 06/2015 Russians still leave imported wine and chocolate07 / 04/2016 RSHN became interested in deliveries from Cote d'Ivoire14 / 10/2014 Counted Chamber doubts food industry in Russia 09/03/2016 The Russian Agricultural Sciences Council banned the import of 58 tons of vegetables from Azerbaijan11 / 09/2015 Ministry of Agriculture: destruction of products - Western practice 03/07/2015 Prodembargo will not affect the assortment and prices 05/12/2014 Prices for “sanctioned” products increased by 5,8% 05/04/2016 RSHN destroyed 85 tons of “sanction” in a week 09 / 02/2016 RSHN destroyed 2488 tons of smuggled products

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