June 7, 2016

Russian Dairy Embargo to be Extended

 |  By: Anna-Lisa Laca

Last week Russian Prime Minister, Alexander Tkachev, announced plans to extend the import embargo on dairy, meat and poultry to the end of 2017. The embargo bans the European Union, U.S., Canada, Australia and Norway from exporting products to Russia was first implemented in 2014 and was set to expire August of this year.

In a statement last Friday, Tkachev said he plans to send a draft decree to Russian President Vladimir Putin that includes an extension of the embargo but doesn’t widen the variety of products included in the ban.

Dairy analysts say the embargo is in part to blame for soft dairy exports from the U.S. to the  rest of world. Even though U.S. exports to Russia were minimal, other countries which were exporting there now are competing with U.S. products in other markets.

Watch the video from “AgDay TV” below: