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Russia and the global economy

Stocks in Russian food companies soar amid Western food ban
Shares in some of Russian food producers have added almost 40 percent by midday on Friday. The surge comes a day after Moscow imposed a one-year ban on imports of food products from the West.

08.08.2014 09:17

Russia’s import ban means big business for Latin America
​Russia’s 1-year ban on food products from the EU, US, Canada, and Norway will force Russia to increase food imports from Latin America, specifically Ecuador, Brazil, Chile, and Argentina.

07.08.2014 09:25

Moscow’s food ban could cost EU $16bn, spark crisis in Europe
Russia’s ban on agricultural food imports could cost the European Union about $16 billion (12 billion euro) and drag the continent into the crisis, officials warn.

07.08.2014 12:11

EU may consider WTO appeal over Russian food bans - Lithuanian FM
The European Union is likely to consider filing appeals with the World Trade Organization (WTO) after Russia announced import bans on products from the EU, Lithuania’s Foreign Minister Linas Linkevicius said Thursday.

07.08.2014 09:42

‘Russia is trying to protect itself from US economic warfare’
Russia’s introduction of agricultural import bans from sanctioning countries is a way for Moscow to protect itself from Western economic aggression, Caleb Maupin, a political analyst at the International Action Center, told RT.

07.08.2014 00:10

European farmers say Russian import ban may sting, EU says ‘Ukraine is top priority’
Russia’s import ban on agricultural goods from countries that sanctioned Moscow over the Ukraine crisis may have a negative impact on European producers, farmers say. However, the EU’s ambassador to Moscow insists the bloc's position will not change.

06.08.2014 18:37

Unintended consequences: Sanctions on Russia hurt US dollar dominance
The US dollar, the dominant global currency since 1944, may lose some of its luster due to the American-led sanctions against Russia over the turmoil in Ukraine. The greenback has been fading in favor since the global financial crisis in 2008.

06.08.2014 15:06

Airlines lose billions amid rumors of trans-Siberian flight blockade
Major airlines saw stock shares nosedive on Wednesday, after media reports said that Russia could block flights over Siberia. However, Russian Foreign Minister Sergey Lavrov said the reports are simply rumors.

06.08.2014 15:00

Dobrolet makes 16 plane deal with Boeing
Russian flag carrier Aeroflot's low-cost arm Dobrolet has signed a contract with America’s Boeing to deliver 16 new planes, despite suspending flights due to Western sanctions.

06.08.2014 15:02

Putin bans agricultural imports from sanctioning countries for 1 year
A one-year ban has been imposed on certain agricultural produce, foods and raw materials from countries that have sanctioned Russia. An order on economic measures to protect the country's security has been signed by President Putin.

06.08.2014 14:57

Sanctioned Russia and Iran sign 5-yr deal to ease Western pressure
Moscow and Tehran have signed far-reaching deals, from energy to consumer goods, which are expected to undermine Western-led sanctions against the two countries.

06.08.2014 07:27

Switzerland to enforce EU sanctions on Russia
The Swiss government has extended sanctions to include 26 people in Russia and Ukraine, as well as 18 organizations, so the country isn’t used as a channel to avoid EU and US sanctions.

05.08.2014 12:41

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