Wednesday, August 06, 2014

TIT-FOR-TAT! Putin Bans Agricultural Imports From Sanctioning Countries For 1 Year


RIA Novosti/Sergey Pivovarov

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

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.

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