Putin orders retaliatory sanctions

[ashbyclarke]

Full story here

http://www.bbc.co.uk/news/world-europe-28680656

Excerpt from Putin's decree
With the aim of protecting the national interests of the Russian Federation and in accordance with the Federal Laws of 30 December 2006 No 281-FZ "On special economic measures" and of 28 December 2010 No 390-FZ "On security", I decree that: "State power bodies of the Russian Federation, federal state bodies, local government bodies, legal entities set up in accordance with the legislation of the Russian Federation, and organizations and individuals that come under the jurisdiction of the Russian Federation shall proceed in their actions from the fact that, for one year from the date when this decree comes into force, foreign economic transactions involving the importation into the territory of the Russian Federation of certain types of agricultural produce, raw materials and food of which the country of origin is a state which has taken a decision to impose economic sanctions against Russian legal entities and/or individuals, or joined such a decision, are banned or restricted..."

[WestCoast]

I'm waiting for Putin to forbid western airlines from overflying Russia on trips to the east. Aeroflot collects fees from western airlines overflying Russia. The overflight fees are in the hundreds of millions of euros annually to the Russian economy.

http://uk.reuters.com/article/2014/08/05/ukraine-crisis-russia-airlines-idUKL6N0QB19B20140805
http://www.dailymail.co.uk/news/article-2716348/BA-Virgin-passengers-face-longer-journeys-Far-East-destinations-Russia-considers-banning-western-airlines-airspace-revenge-sanctions.html
http://www.theguardian.com/world/2014/aug/05/siberia-flight-ban-threat-sanctions-dobrolyot
http://www.bloomberg.com/news/2014-08-05/eu-airlines-could-suffer-from-russian-airspace-sanctions.html

[ashbyclarke]

I'm more interested to know what happens to smaller imports coming from the uk, just sent a tester parcel to see what happens at customs.

Cama-moron seems dead set on ruining any trade links we might have!

[Manny]

You are not sending agricultural stuff are you? Although what you send might contravene the knicker ban. 

[ashbyclarke]

You are not sending agricultural stuff are you? Although what you send might contravene the knicker ban. 

Very amusing! Will say Russians are well minded on cotton, my mrs can't buy anything here as it's all poly rubbish!

Import wise, I'm just testing the ropes with customs on anything coming from England !

[Manny]

We are still mailing stuff to Russia without issue. Takes a while, but all has been arriving. With Royal Mail or the usual couriers I doubt much will change.

[Donhollio]

 With the current sanctions Russia has lost 75 billion. Putin's cronies will be calling him soon I think once the latest savoy gets enacted.

  A 2L bottle of cola in Tashkent now costs $5

[Millaa]

Ну наконец-то перестанут продавать эту красную отраву в пластиковых бутылках 

[ashbyclarke]

Come into force today, list of banned products include fish milk vegetables nuts and cheese.

So it begins.

[NS1]

Yes it made the news here today, Russia imports approx. 564 million dollars with of products a year.
seems the biggest part of that is the pork industry. I have no idea how much  or what Canada imports from Russia.
They have listed USA, Canada, Australia, all of Europe & a few other countries.
The question is, where will they buy this product from and how will it affect themselves?

[sashathecat]

The question is, where will they buy this product from and how will it affect themselves?

"Imports are what make us better off, exports are simply the grunt work we do in order to purchase them."

http://www.forbes.com/sites/timworstall/2014/08/07/russia-misundertands-trade-and-bans-us-and-eu-food-imports/

[WestCoast]

Why is Putin willing to hurt his own people? Russia is not going to replace the $15.8 billion in agricultural goods it buy from the EU with its own locally grown/produced products.

It seems unlikely Russia will be able to find that much agricultural products on the world market in the near future. That means the average Russian will suffer. The rich will be able to buy anything they want but the average Russian will go without.

[sashathecat]

I can only assume Putin made a secret deal with the Chinese for melamine infused foods in exchange for gas?

[Net_Lenka]

Why is Putin willing to hurt his own people? Russia is not going to replace the $15.8 billion in agricultural goods it buy from the EU with its own locally grown/produced products.

It seems unlikely Russia will be able to find that much agricultural products on the world market in the near future. That means the average Russian will suffer. The rich will be able to buy anything they want but the average Russian will go without.

it's amusing  how all of you  suddenly became worry about Russians Don't waste your breath - better take a pity about real victims - civilians in South_west of the Ukraine

[Halo]

it's amusing  how all of you  suddenly became worry about Russians Don't waste your breath - better take a pity about real victims - civilians in South_west of the Ukraine

True.  Victims of the Muscovite "separatist leaders" who slunk back to Russia, leaving the innocent to suffer, and mop up the mess the former created.

[Halo]

Why is Putin willing to hurt his own people? Russia is not going to replace the $15.8 billion in agricultural goods it buy from the EU with its own locally grown/produced products.

It seems unlikely Russia will be able to find that much agricultural products on the world market in the near future. That means the average Russian will suffer. The rich will be able to buy anything they want but the average Russian will go without.

Russia produces a great deal of food now.  It exported wheat last year.  It can also import fruits and vegetables from some of the "stans" or the Middle East.

[Millaa]

The question is, where will they buy this product from and how will it affect themselves?

Better ask - who will buy this product now. Valio stopped their production already - 50% of it was for Russian market.
Russians will buy vologodskoe maslo now, that's all.

[Millaa]

Why is Putin willing to hurt his own people? Russia is not going to replace the $15.8 billion in agricultural goods it buy from the EU with its own locally grown/produced products.

It seems unlikely Russia will be able to find that much agricultural products on the world market in the near future. That means the average Russian will suffer. The rich will be able to buy anything they want but the average Russian will go without.

Calm down, don't worry about Russians. I'm trying to remember what did I buy was made in USA or EC... almost zero. Milk, eggs, meat, fish, oil, vegetables and fruits were local, rare from China, red poison in plastic bottles made in USA I don't buy. 

[Net_Lenka]

 The Earth does not revolve around the USA and EU, you know There are aslo Brasil with chikens, Turkey with their vegetables, even Ecuador already offered fish and fruts.. As for apples then last year our office was full "up to a ceiling" because almost every body brought a bag with apples from own dachas  And those were not "plastic balls" - but REAL product

[krassavchick]

red poison in plastic bottles made in USA I don't buy. 

Anyone who respects their body wouldn't buy red poison in plastic bottles

[sashathecat]

There are aslo Brasil with chikens, Turkey with their vegetables, even Ecuador already offered fish and fruts..

These are the real winners here. Brazil and Turkey I can imagine picking up substantial trade from this.

[krassavchick]

The Earth does not revolve around the USA and EU, you know There are aslo Brasil with chikens, Turkey with their vegetables, even Ecuador already offered fish and fruts.. As for apples then last year our office was full "up to a ceiling" because almost every body brought a bag with apples from own dachas  And those were not "plastic balls" - but REAL product

Yes, i was given numerous bags of dacha apples last year.  I had to juice at least half of them in the end as there were just too many to eat.  A bumper year for apples for sure.  Summer and early Autumn are a great time for fruit and vegetables in Russia.  The torpedo melon is my favourite, SO juicy, but the watermelons are great too.

[WestCoast]

Why is Putin willing to hurt his own people? Russia is not going to replace the $15.8 billion in agricultural goods it buy from the EU with its own locally grown/produced products.

It seems unlikely Russia will be able to find that much agricultural products on the world market in the near future. That means the average Russian will suffer. The rich will be able to buy anything they want but the average Russian will go without.

Calm down, don't worry about Russians. I'm trying to remember what did I buy was made in USA or EC... almost zero. Milk, eggs, meat, fish, oil, vegetables and fruits were local, rare from China, red poison in plastic bottles made in USA I don't buy. 

Millaa between the EU and US, Russia imported about $17 billion worth of agricultural goods last year so lots of Russians were consuming goods from the EU and US. Maybe not you but lots of other Russians.

What is 'red poison in plastic bottles made in USA'?

[Manny]

What is 'red poison in plastic bottles made in USA'?

I would think Coke.

Westy, use your noodle. Putin wouldn't apply those sanctions if it made Russia short of food. I am sure they have supply covered from more friendly nations who don't seek to poke their nose into Russia's business.

There will be farmers out there someplace rubbing their hands at the prospect of all the new orders.

[2tallbill]

Between the EU and US, Russia imported about $17 billion worth of agricultural goods last year so lots of Russians were consuming goods from the EU and US. Maybe not you but lots of other Russians.

What is 'red poison in plastic bottles made in USA'?

The sanctions hurt the USA and not Russia. They can replace the food from
other countries. South America could easily make up the difference and the
US loses the market possibly forever.

Obama's stupid reset plan made it so that we don't have any bargaining chips.
Obama/Kerry/Clinton team have screwed up Russian/US relations and continues
to do so.

Red poison in plastic bottles? is it ketchup?