|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Latin America (Click here for more)

Russia Slaps Embargo on Western Food Imports and Looks to Latin America

MOSCOW – Russia on Thursday slapped a one-year ban on food imports from countries that imposed sanctions on Moscow over its role in the Ukrainian crisis, and looked for new markets in Latin America.

Prime Minister Dmitri Medvedev announced the embargo, which opens a new chapter in trade relations with the West and will affect fruit, vegetables, milk, meat, fish and dairy imports from the European Union, the U.S., Australia, Canada and Norway.

Food exports from the EU to Russia in 2013 were worth $16.2 billion, while U.S. food exports amounted to $1.3 billion.

Medvedev said the measure was taken in response to sanctions passed against Russia over the Ukrainian crisis, which targeted state-owned banks, oil companies and the defense sector.

“Until the last moment, we were confident that our Western colleagues would understand that sanctions are a dead end. But they have not understood. And we had no choice but to adopt measures in response,” said Medvedev.

He added that the measures may be “revised” if the partners of Russia show a constructive stance on the issues of cooperation.

Meanwhile, the head of Russia’s Livestock and Agriculture Inspection service, Sergei Dankvert, met on Thursday with the ambassadors of Ecuador, Chile and Uruguay in a bid to find new suppliers, and was also expected to receive the representatives of Brazil and Argentina.

Dankvert said the current situation offered great possibilities for Latin American countries to increase their food exports to the Russian market.

Ecuador’s ambassador to Moscow, Patricio Chavez Zabala, told EFE his country was the second or third Latin American food exporter to Russia, with $1.5 billion in 2013, and was interested in selling more tuna, coffee, broccoli, dairy products and tropical fruit.

Chile’s ambassador, Juan Eduardo Eguiguren, also expressed his country’s willingness to export more meat, fish, vegetables and fruit, while the Uruguayan representative, Anibal Cabral Segalerba, reminded that Montevideo had never backed the sanctions against Moscow.

The embargo followed a decree signed by President Vladimir Putin on Wednesday.

Medvedev said Russia was also considering to bar U.S. and European airlines from using its airspace for flights to and from Asia, describing the move as one of a number of possible responses to Western sanctions that crippled his country’s first low-cost air carrier.

“Of course this is a severe measure. Nevertheless, we need to mention it,” the premier said.

“That does not mean that (such measures) would be implemented immediately, but they’re already on the table,” he said.

A closing of Russian airspace to Western carriers would result in a “drastic” increase in fuel costs for the airlines, Medvedev said.

The EU and the U.S. last month stepped up economic and individual sanctions on Russia, following a first round of measures that came after Moscow annexed the Ukrainian region of Crimea in March.

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:



 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2019 © All rights reserved