Russia is extending an embargo on EU products until the end of 2021

Published 2020년 11월 24일

Tridge summary

Russian President Vladimir Putin has extended the embargo on food exports from several Western countries, including the EU, Canada, and the US, until the end of 2021. The embargo, first imposed in 2014 in response to economic sanctions against Russia, has been extended five times. The embargo affects various agricultural and food products. Despite the embargo, Russia's agricultural production has increased, and exports are expected to continue growing. China is the main supplier of vegetables to Russia.

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Original content

Russian President Vladimir Putin on Saturday signed a decree to extend the embargo on food exports from several Western countries until December 31, at the end of 2021. This measure is the Russian response to economic sanctions against Russia in because of the Russian-Ukrainian crisis. Since Russia imposed the embargo in August 2014, it has extended it 5 times. The embargo affects exports of various agricultural and food products, meat, milk and dairy products, fruits and vegetables and fish, from the EU, Canada, the United States, Australia, Norway, Iceland, Montenegro, Albania, Liechtenstein and Ukraine. For the Russian president, this embargo benefits the Russian agricultural sector because it allows its development, thanks to the support of the government. According to Russian data, its agricultural production has increased in recent years and exports are also expected to ...

Source: Agrimaroc