Thursday October 30, 2014 Search
Weather | Athens
19o C
12o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Turkey among big gainers from Russia food ban

A cow looks on at a new dairy farm containing 800 animals on the day of its opening in the village of Petrovskoye in Leningrad region, on Friday. Moscow imposed a total ban on imports of many Western foods on August 7 in retaliation against sanctions over Ukraine, a stronger than expected measure that isolates Russian consumers from world trade to a degree unseen since Soviet days.

MOSCOW/ISTANBUL Turkey and Latin American countries such as Brazil look likely to emerge as key winners from Russias decision to ban most European Union and US food imports in retaliation for Western sanctions over Moscows role in Ukraine.

Russian Prime Minister Dmitry Medvedev announced the one-year ban on Thursday on all meat, fish, dairy, fruit and vegetables from the United States, the EUs 28 member states, non-EU member Norway a major exporter of salmon Canada and Australia.

Russias Veterinary and Phytosanitary Surveillance Service (VPSS) said on Friday it was holding meetings with food importers to discuss supplies from the new markets.

Russia spent $25.2 billion last year on imports in the categories affected by the new bans, nearly a third of that total from the countries hit by the bans.

Now the nascent middle class of Moscow and other cities could switch to Brazilian for US beef and get their fish from Turkey and Chile instead of from Greece and Norway.

Officials in Turkey predicted a near-doubling of their fruit and vegetable exports to Russia. Turkey is currently the fifth-biggest exporter of food to Russia, its neighbor across the Black Sea, with sales worth $1.68 billion last year.

Fish sales could also see a major boost as Russia will no longer be able to buy fish from EU member Greece, one of its leading suppliers, Turkish traders said. [Reuters]

ekathimerini.com , Friday August 8, 2014 (21:21)  
Italy, Greece banks lead Europe decliners amid capital concerns
European stocks tumble as banks decline after Enrias comments
Germanys bonds rise as consumer prices decline in six states
Peripheral banks lead European shares lower after positive start
Germany denies backing proposal for Greece to exit aid program
Germany denied its given support to proposals that would help Greece exit its bailout early, dealing a blow to a plan thats already unnerved investors in the nations debt. The German gove...
Boy, 13, dies after falling from fifth floor in Thessaloniki
A 13-year-old boy died of his injuries after falling from the fifth floor of a building in the northern port of Thessaloniki on Thursday. Early witness reports suggested the youngster was al...
Inside News
BASKETBALL
Panathinaikos and PAOK retain perfect record
The third round of games in the Basket League over the weekend saw PAOK overcome the strong resistance of host KAOD at Drama, and Panathinaikos and Olympiakos inflict heavy losses on AEK and...
SOCCER
Gattuso recalls resignation from OFI bench
Gennaro Gattuso has recalled his resignation from the OFI Crete bench following pressure by the clubs fans and administration, one day after his quitting accusing the club and its players o...
Inside Sports
COMMENTARY
Time is running out in Afghanistan
Thirteen years after the attacks on the Twin Towers and NATO's entry into the war in Afghanistan, things remain pretty much unchanged: Political instability and insecurity reign in the Cent...
COMMENTARY
Cool heads required
Its time for Athens and Nicosia to deal with the current situation in Cypruss Exclusive Economic Zone (EEZ), which a Turkish seismic research vessel has breached against international law,...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Germany denies backing proposal for Greece to exit aid program
2. Boy, 13, dies after falling from fifth floor in Thessaloniki
3. Italy, Greece banks lead Europe decliners amid capital concerns
4. Civil servants to be investigated for transferring money abroad
5. European stocks tumble as banks decline after Enrias comments
6. Tsipras to meet with BoG governor on Thursday
more news
Today
This Week
1. Greek euro dilemma is back as minister predicts volatility
2. Students hijack university senate meeting
3. Clientelism belongs to the past, says Mitsotakis
4. Peripheral banks lead European shares lower after positive start
5. Over 1,500 buildings and vehicles damaged in flash floods
6. Tsipras to meet with BoG governor on Thursday
Today
This Week
1. At least 11 banks to fail European stress tests, three in Greece, report says
2. Austrias creative bookkeeping beats Greece on secret debts
3. Cyprus to block Turkey's EU talks after EEZ violation
4. End of reason, end of humanity
5. Clean bill of health for Greek banks from stress tests
6. Samaras pledges action after flash floods in Athens
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.