Putin bans agricultural imports from sanctioning countries for 1 year

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A one-year ban has been imposed on sure agricultural produce, meals and uncooked supplies from countries which have sanctioned Russia. An order on financial measures to guard the nation’s safety 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 numerous states over the Ukrainian disaster, the Kremlin mentioned on its web site.

While the legislation comes into pressure instantly, the federal government has been tasked to provide you with a concrete checklist of imports to be banned.

The decree orders the Cabinet to take measures to offer a steadiness on product markets and stop fast value development. The authorities has additionally to hitch efforts with producers, companies and retail retailer chains to extend the Russian items provide.

Meanwhile, ministers are already drafting a listing of merchandise that could possibly be affected by the ban and it may be prepared already on Thursday, Natalia Timakova, a press-secretary for PM Dmitry Medvedev advised Vedomosti newspaper.

The register of the banned or restricted merchandise can be versatile, a supply within the authorities advised Vedomosti day by day. It will embrace totally different sorts of greens, fruit, and meat. However, wine and child meals will “definitely” not come underneath sanctions, the supply added. According to a different authorities official, cheeses, meat, and dairy merchandise are these most certainly be affected by the ban.

Last week, the European Union authorized a brand new (the harshest thus far) spherical of sanctions towards Russia along with steps taken earlier. The bundle focused monetary, vitality and protection sectors of the Russian economic system. The so-called sectorial sanctions hit 5 Russian banks, together with the nation’s largest, Sberbank. The banks have been banned from elevating capital on the EU’s capital markets. Also, the EU launched an embargo on the import and export of arms and associated materials to and from Russia.

Speaking on Tuesday, forward of signing the decree, Putin pressured that Moscow’s response needs to be “cautious.” “Obviously we need to do it cautiously in order to support domestic manufacturers, but not hurt consumers,” he mentioned.

Putin described the political instruments of stress getting used towards the Russian economic system as unacceptable and added that they go towards worldwide guidelines and norms.

A day earlier, Medvedev mentioned that Moscow would think about attainable responses to EU sanctions towards Russian airways.

Vedomosti day by day has been reporting Russia would restrict European flights to Asia that cross Siberia, in response to EU sanctions that induced Aeroflot subsidiary, Dobrolet, to droop flights on Monday. However, Foreign Minister Sergey Lavrov mentioned Wednesday the report was a baseless rumor.

The Russian Retailers’ Association gave an assurance that the ban on agricultural imports will solely have an effect on the premium market section, and bizarre clients is not going to really feel the influence. The group’s govt director, Andrey Karpov advised RIA Novosti that the affiliation will now rethink the pool of international suppliers and enhance the variety of Russian distributors.

At the identical time, Russia’s import limitations is not going to change the European Union’s stance on Ukraine, the EU ambassador to Moscow, Vygaudas Ušackas, advised RIA Novosti.

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