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Russia to ban all US agricultural products, EU fruit & vegetable imports - watchdog

OWoN: America keeps getting it so wrong.

A gentle reminder that the world is trade dependent.

6 August 2014

Moscow plans to ban all US agricultural products, including poultry, as well as EU fruit and vegetable imports in response to Western sanctions imposed on Russia over the Ukrainian crisis, according to the country’s agricultural watchdog.

All agricultural goods produced in the US and imported into Russia will be halted for one year, the assistant to the head of Rosselkhoznadzor, Aleksey Alekseyenko, told RIA Novosti.

The list of banned products will be published on Thursday, he added.

EU fruits and vegetables also fall under the ban, Alekseyenko added. A source told Itar-Tass that dairy products from the EU will be included on the list, as well.

“The list includes milk powder, butter and cheese,” the source said, adding that this also includes mass production cheeses.

Russia's sanctions on US and EU food imports will be “quite substantial,” Alekseyenko said. The restrictions are to affect those countries which have initiated sanctions against Russia, he said.

By the end of 2013, the major importers of dairy products to Russia were Finland, with 17,8000 tons worth US$19.6 million dollars; Estonia, with 8,300 tons worth $19.4 million; Poland, with 3.8 tons worth $8 million; and Lithuania, with three tons worth $7.3 million, according to Russia’s Federal Customs Service.

Alekseyenko stated that many countries that did not sanction Moscow are ready to increase their exports of similar products to Russia. On Wednesday, Russian officials agreed to hold consultations with representatives from Ecuador, Brazil, Chile, and Argentina on expanding food imports from those countries, according to Rosselkhoznadzor. The talks have been set for Thursday.

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Putin bans agricultural imports from sanctioning countries for 1 year

6 August 2014

A one-year ban has been imposed on certain agricultural produce, foods and raw materials from countries that have sanctioned Russia. An order on economic measures to protect the country's security has been signed by President Putin.

The decree “on the use of specific economic measures” has been signed in response to sanctions imposed on Russia by a number of states over the Ukrainian crisis, the Kremlin said on its website.

While the law comes into force immediately, the government has been tasked to come up with a concrete list of imports to be banned.

The decree orders the Cabinet to take measures to provide a balance on product markets and prevent rapid price growth. The government has also to join efforts with manufacturers, businesses and retail store chains to increase the Russian goods supply.

An executive order has been signed on adopting special economic measures to provide for Russia's security

— President of Russia (@KremlinRussia_E) August 6, 2014

Meanwhile, ministers are already drafting a list of products that could be affected by the ban and it can be ready already on Thursday, Natalia Timakova, a press-secretary for PM Dmitry Medvedev told Vedomosti newspaper.

The register of the banned or restricted products will be flexible, a source in the government told Vedomosti daily. It will include different kinds of vegetables, fruit, and meat. However, wine and baby foods will “definitely” not come under sanctions, the source added. According to another government official, cheeses, meat, and dairy products are those most likely be affected by the ban.

Last week, the European Union approved a new (the harshest so far) round of sanctions against Russia in addition to steps taken earlier. The package targeted financial, energy and defense sectors of the Russian economy. The so-called sectorial sanctions hit five Russian banks, including the country’s biggest, Sberbank. The banks were banned from raising capital on the EU’s capital markets. Also, the EU introduced an embargo on the import and export of arms and related material to and from Russia.

Speaking on Tuesday, ahead of signing the decree, Putin stressed that Moscow’s response should be “cautious.”

“Obviously we need to do it cautiously in order to support domestic manufacturers, but not hurt consumers,” he said.

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  1. Costs? US Exports To Russia Collapse 34%

    Submitted by Tyler Durden on 08/06/2014 13:40 -0400

    While Jack lew promised the economic impact on the US economy of Russian sanctions would be minimal, the facts suggest the opposite. Admittedly, Russia is not the US’ largest trade partner but escalating sanctions have resulted in a 34% collapse in US exports to Russia – the largest absolute drop since 2010. Imports (from Russia) also fell (for the 3rd month in a row) but while the US is suffering ‘costs’ it is clear Russia is hurting more (for now – as Putin is set to unleash his countermeasures). Since sanctions began Russian stocks are up 9.5% and the S&P up 4.5% but the spread has collapsed in recent weeks.

    Costs? (See graphs)

  2. The Empire Resorts to Old Tricks to Hold on to Power: Now is the Time to Bring the U.S. Fully into the BRICS
    August 6, 2014 • 8:29AM

    The British Empire forces, facing a complete disintegration of their system and the emergence, via the BRICS, of a new, more just world economic order, are resorting to old tricks that brought the world to global war twice in the last century.

    Now, that strategy threatens the extinction of mankind in a thermonuclear holocaust. Despite that, David Cameron and the NATO Deputy Commander Gen. Sir Adrian Bradshaw, who spent the last week in Washington, are pushing ahead with direct confrontation with Russia. Bradshaw openly pushed the idea that there is a “new paradigm” demanding concentrated NATO training and preparation for confrontation with Russia.

    Even as this war drive goes forward, there are sane voices pushing back. The Malaysian government has come out, via the Minister of Transportation, declaring that it is the Ukrainian government that bears responsibility for the shootdown of MH17, since it was Ukrainian air-traffic controllers who failed to warn the pilot of the dangers. The Minister was dismissive of the “rush to judgment” that the pro-Russian rebels were responsible for the crash. Indeed, prominent American investigative journalist Robert Parry, who broke open the Iran-Contra scandal decades ago, published a dossier, based on discussions with US intelligence officials, reporting that there is a reassessment underway indicating that it was Ukrainian forces, and not the pro-Russian rebels, who executed the MH17 shoot-down.

    For its part the Russian Foreign Ministry continues to hit hard at the NATO provocations, declaring that if there were no Ukraine crisis, NATO would have invented one in order to justify NATO’s continued existence...

    The answer to this existential threat to the survival of mankind lies in winning the fight here in the United States. If we get Obama removed from office by Constitutional means, and reinstate Glass Steagall, the United States can immediately align with the BRICS and create a new global dynamic free from the horrors of Empire.

    As Lyn has been emphasizing in recent days, the gold standard for the future can be found in China’s science-driver program, involving advanced work on thermonuclear fusion..

    This means Obama has to go now! The revolt against what Obama has done to this country is gaining momentum. On Tuesday, a dozen retired flag officers issued an open letter to Obama and held a conference call press conference demanding that Obama release the unredacted declassified report on the CIA torture program. At a rally last weekend in front of the White House with an estimated 10,000 protesters against Obama’s support for Netanyahu’s genocide in Gaza, professor Cornel West declared that “Barack Obama is a war criminal.” West not only denounced Obama’s support for Israel in its genocide in Gaza. He cited the drone killings and other crimes of Obama.

    Time is clearly of the essence. The Portugese government on Tuesday stepped in to bail out Banco Espirito Santo with 4.9 billion euro. Ambrose Evans-Pritchard noted that the Europeans had blinked and not gone with the bail-in, for fear that it would trigger a crash of the banking system...

    France’s giant Credit Agricole took a 98-percent loss in earnings for the first quarter of this year based on a 100- percent write-off of its stake in BES. This is just the beginning of what could be a rapid and thorough unraveling of the trans-Atlantic banking system. German regulators are escalating their probe of Deutsche Bank, over its role in the LIBOR rigging and its London-based derivatives. The whole system is at a break point, and this is the prime driver for war.

    Pulling the plug on Obama pulls the plug on the entire British Empire system and ends the danger of war

    1. China bans govt purchases of Apple’s gadgets – report

      Published time: August 06, 2014 16:38

      China has removed products by American techno giant Apple Inc, including iPads and MacBooks, from the government procurement list amid growing tensions between Beijing and Washington over snooping and hacking claims, reports Bloomberg.

    2. Unintended consequences: Sanctions on Russia hurt US dollar dominance

      Published time: August 06, 2014 16:46

      The US dollar, the dominant global currency since 1944, may lose some of its luster due to the American-led sanctions against Russia over the turmoil in Ukraine. The greenback has been fading in favor since the global financial crisis in 2008.


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