Dmitry Medvedev: Russian farmers should take advantage of the food embargo extension

3rd July 2015

Extending the food embargo against the Western countries will help Russian agricultural business

Prime Minister Dmitry Medvedev expressed hope that the food embargo extension against the Western countries will help Russian agricultural business to take advantage of new opportunities.

“Restrictive measures are extended; we take into account seasonal cycles of agricultural production when making decisions. I hope that agricultural business will take advantage of these opportunities and our people will have high-quality and delicious Russian products on the shelves and at home”, - said Dmitry Medvedev at the Government meeting.

In August 2014 Russia limited food imports from countries that imposed sanctions on Russia. As a consequence imports of meat, sausages, fish, vegetables, fruit, and dairy products were banned.

The Presidential Order on the extension of these measures since 6 August 2015 was published on 24 June 2015.

According to Dmitry Medvedev, Russian farmers asked for the extension of the embargo.

“Domestic livestock breeding is growing steadily. Due to the introduction of restrictions on imports, Russian manufacturers received unique opportunities to sale their products. Their presence is much more noticeable in retail chains. But, of course, we need to develop rapidly the specific areas of livestock breeding, where we have problems, horticulture, vegetable farming, and selective enterprises – here things are little more complicated. The main objective remains the same – to support our farmers in difficult economic conditions, and do everything to make our agriculture be able to ensure all our citizens’ food independence”, – said the Prime Minister.

Let us remind that the sanctions against Russia have been extended by the EU until 31 January 2016. On 23 June 2015 the decision came into force.

Thus, the EU restricts lending to Russian state-owned banks, defense enterprises, as well as the supply of arms and military equipment to Russia.

In turn, Russian authorities followed the “principle of reciprocity”. Once it became known about the extension of the European sanctions for the next six months, the Government of the Russian Federation submitted a document on the extension of food embargo to the Presidential Administration.

Source: RIA Novosti

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