Fabian Demicoli

Russia’s sanctions on food products


Russian
sanctions on food products, a response to EU action following the ongoing
crisis in Ukraine, could have a significant impact on the stability of prices
in the retail sector. The restrictions, which apply to the farming sector, have
been places on the trade of food products such as fruits and vegetables, dairy
and meat products.

Although
this may give rise to pricing opportunities initially the situation is likely
to have a considerably more negative impact on the sector in the long term as
tensions in the supply chain increase. Recent developments and how this will
affect commerce in the Member States will be discussed at the Steering
Committee later this month.

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