Russia bans the import of fish products and raises tariffs on wine

Published 2023년 7월 25일

Tridge summary

The Russian government has imposed a ban on seafood imports from "unfriendly" countries, including those in the European Union (EU). This move is intended to create opportunities for domestic producers to expand their production and increase employment. Additionally, Russia has increased import tariffs on wines from unfriendly states, including Spain, as a response to hostile actions against the country due to its war in Ukraine.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Russian government has banned imports of seafood products from "unfriendly" countries, including those in the European Union (EU), according to a statement from the Russian Ministry of Economic Development. "A ban on the importation into the Russian Federation of fish and shellfish products from unfriendly countries is introduced," the note states. According to the Russian Ministry of Agriculture, the rejection of imports from the EU, the United States and Norway "will free up certain niches" of the Russian local market that will be occupied by national producers. In this way, Russian companies "will have the opportunity to increase production volumes, expand the range (of products) and increase the number of jobs," the statement said. The Russian government adopted a list of "unfriendly" countries and territories on March 8, 2022, which includes the US and Canada, all EU member states, the UK, Ukraine, Montenegro, Switzerland, Albania, Andorra, Iceland, Liechtenstein, Monaco, ...
Source: PEefeagro

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.