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Russia counts cost of Western food ban

  • 2014-08-21
  • From wire reports, VILNIUS
Russian Agriculture Minister Nikolai Fyodorov warned Wednesday that Moscow must spend billions of dollars in the coming years subsidizing farmers in order to avoid a shortage caused by its ban on most Western food.This is the first time when a Russian official admits that the decision to strike back at the United States and European Union's sanctions with sweeping meat and produce bans, may have long-term costs for both its budget and consumers.Russia relies heavily on foreign fruits and vegetables because its long winters and inhospitable climate keep farmers from growing ...
 
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