Russia recently imposed a total ban on all imports of various Western foods in retaliations against the sanctions related to the Ukraine conflict. This is a measure that isolates Russian citizens from worldwide trade to a level that was not seen since the Soviet days.
The Dutch recovery team that was responsible for recovery at the MH17 crash site was called off as the location is now considered to be too dangerous. Ukraine responded that this means the ceasefire at the site will stop.
After the ban announced by Moscow, Russian share prices instantly fell. The ban is scheduled for 1 year for dairy, fish, vegetables, fruit and meat coming from Australia, Norway, Canada, European Union countries and the United States.
Last year Russia was the largest EU vegetables and fruit consumer and the second largest buyer of poultry from the US. Vladimir Putin ordered the government to adopt measures in order to retaliate against the Western countries that imposed sanctions on the Russian financial, oil and defense sectors.
According to Nikolai Fyodorov, Agriculture Minister, the measures are going to cause inflation spikes on the short-term but there is no danger for the long term. Russia will compensate with imports from different suppliers like New Zealand for cheese and Brazil for meat.