: Russia extends tit-for-tat sanctions till end of 2017

17:18 May. 27, 2016

Russia extends tit-for-tat sanctions till end of 2017

Russian Prime Minister Dmitry Medvedev speaks during a meeting with local members of ruling United Russia Party in Sevastopol, Crimea, on May 22, 2016. (AP Photo)

G7 leaders earlier confirmed prolongation of sanctions imposed on Russia because of its Ukraine aggression

The Prime Minister of Russia Dmitry Medvedev has ordered the Russian Government to prepare a decree on prolongation of the western food embargo until the end of 2017.

"Our manufacturers have repeatedly spoken out for the extension of the food embargo on the agricultural production from those countries that have imposed sanctions against the Russian Federation or those that have joined afterwards," Medvedev said.

On May 27, the G7 state leaders agreed to extend the sanctions against Russia.

On February 14, Medvedev stated that the sanction are coming up dry, and the Western countries should "recollect courage" and name the date of their withdrawal. He mentioned that Russia was not the first one to implement the restrictive measures, which is why it will not be the first one to call them off.

Watch also Reciprocal ban on Russian products comes into force in Ukraine

In 2014, when Russia imposed grocery embargo, the inflation in the country reached 11.4%, the highest level since 2008 recession. However, in 2015, prices increased by 12.9% setting a new record.

Read also Russians spend half of their income on food

In June 2015, Russian authorities approved the prolongation of the ban until August 2016.

comments powered by Disqus

RELATED NEWS

Politics19:15 Dec. 9, 2016
Speeding train to connect Kyiv and Przemyśl by Christmas
Politics18:00 Dec. 9, 2016
EU to extend sanctions on Russia in December - Reuters
Politics17:15 Dec. 9, 2016
Russian foreign minister calls Reuters journalist 'an imbecile' (VIDEO)
Politics16:47 Dec. 9, 2016
"Ukraine at crossroads between prosperous future or continued corruption"
Politics15:30 Dec. 9, 2016
EP to review a suspension mechanism bill on December 15
Ukraine Today WEEKLY DIGEST
Subscribe to receive regular email updates about Ukraine and Eastern Europe
vk154998