Sanctions, Import Bans and Reefer Market
Beef, pork, sausage and other meat products, poultry, fish and seafood, fruit, vegetables and nuts, milk and dairy imports from the US, Canada, Australia, Norway and the EU are banned in Russia. The restrictions are a counter measure against the sanctions imposed against Russia. President Putin signed the decree yesterday, the Government defined the countries and items subject to sanctions today.
SeaNews has spoken to a number of Russian reefer market participants. They sounded both patriotic and optimistic. The general opinion is, no catastrophe will happen, and home producers will benefit. The luxury segment is likely to suffer. The Russians will also have to forget about US produced chicken – but that never was best quality product anyway. But for the most of food imports, there are alternatives.