Putin orders food import ban in retaliation against western sanctionsUpdated: 2014-08-07 22:47:49 (KST)
Responding to the tougher economic sanctions recently imposed on Russia by the EU and the U.S., Russian President Vladimir Putin has ordered a one-year ban of agricultural produce, food and vegetable imports on nations that have imposed sanctions against Russia.
The government has been ordered to come up with a specific list of goods.
Russia's move will have a big impact on Western exporters, as Russia imports nearly a third of its fruit products from the EU, and the U.S. is its second biggest poultry importer.
In an attempt to lessen the impact on domestic consumers, Russian authorities say they are looking for alternative partners.
Talks with Argentina, Ecuador and Brazil are already scheduled for this week.
Earlier, Prime Minister Dmitry Medvedev reportedly said Moscow was considering banning European airlines from flying to Asia over Siberia.
The sanctions against Russia began with Russia's annexation of Crimea in March, but were strengthened last week, now targeting Russia's defence, financial, and oil sectors.
This came in response to Russia's continuous support for pro-Moscow separatists in Ukraine.
"We don't know yet whether sanctions are working, sanctions are working as intended in putting enormous pressure and strain on the Russian economy. if you look at projections for Russian growth what you are seeing is that the economy has grown to a halt."
Meanwhile, there are concerns Russia could be planning an invasion as Moscow is believed to have massed some 20-thousand combat-ready troops at its border with Ukraine.
NATO says Moscow could go in on the pretext of a humanitarian or peace-keeping mission as Kiev gains ground on separatist-held territory.
Kwon Soa, Arirang News.
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