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Russia counts cost of Western food ban

Aug 21, 2014
From wire reports, VILNIUS

Russia counts cost of Western food ban
Russian Agriculture Minister Nikolai Fyodorov (photo: twitter)
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 f ...

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