Friday, September 19, 2014
 
Follow sptimesonline on Facebook Follow sptimesonline on Twitter Follow sptimesonline on RSS
MOST READ



PARTNER NEWS



BLOGS



OPINION



WHERE TO GO?

The Romanovs in St. Petersburg

History of St. Petersburg Museum

Small Tragedy, Fatal Passion

Rimsky-Korsakov Apartment Museum

 

Перевести на русский Перевести на русский Print this article Print this article

Russia's Food Ban Strikes Its Own Consumers

Published: August 8, 2014 (Issue # 1823)



  • Shoppers browsing for food in a Russian supermarket Thursday found shelves in some stores that were bare of certain imported goods by the end of the day.
    Photo: Vladimir Filonov / MT

On the orders of President Vladimir Putin, Russia on Thursday cut off over $9 billion in food imports to its market in the most aggressive response yet to Western sanctions over its backing of separatist rebels in eastern Ukraine, escalating an economic clash that has already undermined the fragile Russian economy.

"Russia is imposing a full ban on deliveries of beef, pork, fruit and vegetables, poultry, fish, cheese, milk and dairy products from the European Union, the United States, Australia, Canada and Norway," Prime Minister Dmitry Medvedev announced during a government session.

The move — which is likely to slash consumer choice in supermarkets, hike Russia's already high inflation rate and force interest rates up — follows Putin's signing of a decree on Wednesday ordering the government to bar food imports from countries that have imposed sanctions, "with the purpose of ensuring Russia's safety."

The decision comes in a tit-for-tat reprisal to Western sanctions over Russia's support of separatist militias in eastern Ukraine. The West's sanctions escalated significantly following the downing of a Malaysian passenger plane in the region last month, with both the United States and European Union cutting off major state-owned banks' access to Western capital markets and barring exports of defense and oil technologies to Russia.

The food import ban will last for one year, Medvedev said, although there is room for negotiation.

"If our partners demonstrate a constructive approach on issues of cooperation, the government is prepared to reconsider the duration of these measures," he said.

Medvedev noted that the measures will not touch children's food or goods that individuals personally buy abroad and transport to Russia.

The imports directly affected by the sanctions reached $9.2 billion last year, constituting more than half of the total value of food exported to Russia from the countries concerned and nearly a quarter of Russia's food imports last year, Reuters reported, citing data from the International Trade Center.

Pages: [1] [2 ] [3 ] [4]






 


ALL ABOUT TOWN

Friday, Sept. 19


SPIBA’s newest addition to their Cultural Discoveries events is “Handmade in Germany,” an exhibition featuring unique handmade objects of a significantly higher quality than mass-produced items. The work of over 100 German manufacturers will be displayed during the event, which opens today in the Lutheran Church of Saint Peter and Paul on Nevsky Prospekt and runs through Sept. 28.



Saturday, Sept. 20


Starting on Sept. 18 and ending tomorrow is the Extreme Fantasy Wakeboarding Festival in Sunpark by Sredny Suzdalskoye lake in the Ozerki region of the city.


Those after something more laid back can instead head to Jazz and Wine night at TerraVino with legendary jazz guitarist Ildar Kazahanov. 12/14 Admiralteyskaya Emb.



Sunday, Sept. 21


Learn more about African culture and get some exercise during today’s “Djembe and Vuvuzela,” a bike ride starting in Palace Square that includes several stops where riders can listen to the music of Africa or watch short films about the continent. The riders plan to set off at 4 p.m. and all you need to join is a set of wheels.



Monday, Sept. 22


Do you love puppetry? If so, then be sure to go to BTK-Fest, a five-day festival that starts on Sept. 19 celebrating the art. Contemporaries from France, Belgium, the U.K. and other countries will join Russian artists to put on theatrical performances involving a variety of themes, materials and eras. Workshops and meetings are also scheduled for a chance to discuss the artistic medium in further depth.



Tuesday, Sept. 23


Marina Suhih, Director of the External Communications Department at Rostelecom North-West, and Yana Donskaya, HR Director for Northern Capital Gateway are just some of the confirmed participants of today’s round table discussion on “Interaction with Trade Unions” being hosted by SPIBA. Confirm your attendance with SPIBA by Sept. 22.


Kino Expo 2014, an international film industry convention, will be at LenExpo from today until Sept. 26. The third largest exhibition of film equipment in the world, the expo focuses on not only Russia but former Soviet republics as well.



Times Talk