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Russia bans Western food over Ukraine sanctions

Posted by ipso facto @ 8:44 on August 7, 2014  

MOSCOW (AP) — Russia on Thursday banned most food imports from the West in retaliation for sanctions over Ukraine — a sweeping move that will cost Western farmers billions of dollars but could also lead to empty shelves in Russian cities.

The decision shows that President Vladimir Putin has no intention of bowing to Western pressure over Ukraine and will instead try to strike back at the West. It also demonstrated that the Kremlin is ready to inflict damage on Russia while pursuing its course in Ukraine.

The U.S. and the EU have accused Russia, which annexed Ukraine’s Crimean Peninsula in March, of fomenting tensions in eastern Ukraine by supplying arms and expertise to a pro-Moscow insurgency, and have imposed asset freezes and loan bans on a score of individuals and companies.

Prime Minister Dmitry Medvedev said at a televised Cabinet meeting that Russia’s retaliatory ban covers all imports of meat, fish, milk and milk products and fruit and vegetables from the United States, the European Union, Australia, Canada and Norway. It will last for one year.

more http://finance.yahoo.com/news/russia-bans-western-food-over-093732689.html

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.