Russia retaliated against Western sanctions imposed for its actions in Ukraine by halting food imports from the West. The temporary import ban on food from the European Union, North America, Norway and Australia has Russian consumers concerned that they could face sharp increases in food prices. But in an ironic twist, the restrictions have made Russia’s domestic food producers hopeful this can boost their business.
Russia’s largest meat producer, the Cherkizovo Group, supplies about 45,000 tons of chicken per day to the Moscow area.
Growth in domestic production has reduced Russia’s dependence on meat and agricultural imports to about 10 percent.
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Source: Voice of America
