Limited Overall Impact From Import Ban


BMI View : In retaliation to trade sanctions imposed by the US and EU, Russia on August 7 introduced a one-year ban on imports of certain agricultural products from select countries. Multilateral food trade will, generally speaking, be relatively unaffected; however the US poultry sector and Norwegian fish sector will be the biggest losers. The Brazilian meat sector and Belarus's agricultural industry will be the greatest beneficiaries.

On August 7, Russia introduced a one-year ban on imports of certain agricultural products from select countries. We outline the major implications of the trade sanctions below:

  • Multilateral food trade will, generally speaking, be relatively unaffected.

  • Brazil Stands To Benefit Most
    Russian Food Imports By Origin - Poultry (LHC) & Pork, % Of Total Imports In Value Terms In 2013 

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