Russian import ban fuels food price rises

FE Team | Published: August 20, 2014 00:00:00 | Updated: November 30, 2026 06:01:00

Food prices are rising in parts of Russia and experts say the state embargo on imports of Western food appears to be making things worse. Since the ban was imposed on August 7 imported pork used in processed meat in Moscow has gone up by 6.0 per cent, Russian business daily Kommersant reports. In St Petersburg food prices have risen 10 per cent. That inflation occurred even before the impact of sanctions. Russia's ban on many Western foods is retaliation for sanctions over Ukraine. — BBC