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Minselkhoz Says Restrictions On Russian Ag Exports To Ukraine - Trivial Featured

13 January 2016

Russian exporters are not expected to suffer huge loses as a result Ukraine's ban on Russian goods that took effect on January 10, according to Russia's Ministry of Agriculture (Minselkhoz).

In the agency's press release, which focused on the anticipated consequences of Ukraine's restrictions on 43 types of Russian goods, Minselkhoz stated: “Enacting restrictions on Russian agricultural products will not negatively affect the Russian market, and Russian exporters will redirect their products to other countries”.

The agency came to this conclusion following an analysis over the status and development of Russian-Ukrainian trade turnover. The analysis found that between January and October 2015, trade turnover dropped more than twofold, and only 3.2 percent of Russian agricultural exports last year ended up on the Ukrainian market.

The monetary value of Russian exports to Ukraine during the first 10 months of 2015 had decreased by 20.6 percent compared to the same period of 2014, due to a drop in the volume of exports of a number of products, including tea, coffee, barley, margarine, canned fish, confections, chocolate, cereals, vodka and tobacco, according to the report

FruitNews article (Russian): http://www.fruitnews.ru/state-news/russia/45346-minselkhoz-nazval-zapret-na-eksport-v-ukrainu-neznachitelnym-dlya-rossijskogo-rynka.html
Source: http://tass.ru/ekonomika/2565641

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