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Five-years sanctions: food production increased, and also prices

Most of all, the embargo helped dairy, fruit and vegetable producers. On August 6, 2014, Russian President Vladimir Putin signed a decree banning or restricting the import of agricultural products, raw materials, and food from states that introduced economic sanctions against some Russian Federation residents. The next day, the government determined the countries and types of food that should be banned: meat, fish, shellfish, milk and dairy products, vegetables, fruits, etc. from the European Union, the USA, Canada, Australia, and Norway fell under the embargo. The sanctions were introduced for a year. But the embargo is extended every year. Again in June Putin once again extended it until December 31, 2020.

 

Source: www.vedomosti.ru   

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