White House says Russia's ban on US agricultural imports will isolate Russia, hurt its economy
WASHINGTON - The White House says Russia's reported move to ban agricultural imports from the U.S. will only deepen Russia's isolation from the international community.
White House spokeswoman Laura Lucas Magnuson says retaliating against Western companies or countries over sanctions the U.S. has imposed will cause further damage to Russia's economy.
She's pointing out that Russia's central bank has said banning imported food would boost inflation and erode Russian citizens' purchasing power.
Russian state news agency RIA Novosti is quoting a Russian official as saying all agricultural products produced in the U.S. won't be allowed into Russia.
According to USDA's Foreign Agricultural Service, U.S. exporters shipped $1.3 billion worth of food and agricultural products in 2013.
Magnuson says the U.S. is calling on Russia once again to de-escalate the conflict in Ukraine.
Read more Business News
- BC likes to stay activeKelowna - 7:05 pm
- First Ebola case in the USWorld - 2:48 pm
- Distracted driving talesVernon / N. Okanagan - 8:00 pm
- Canadian dies in avalancheWorld - 8:55 pm
|QHR Technologies Inc||1.26||+0.03|
|Anavex Life Sciences||0.184||-0.001|
|Copper Mountain Mining||2.42||-0.10|
|Sunrise Resources Ltd||0.065||+0.045|
|Mission Ready Services||0.32||-0.02|
Part 2 of 2 to read Part 1, click here. 5. Dial down your vacations. New York is out. Maybe Buffalo. For West coast, maybe Seattle instead of Hawaii. Use sites like Airbnb (aribnb.ca) to find ch...
Niche food producer “Sweets from the Earth” thrives using innovation, uniqueness and an unwavering focus on quality. A neighbour’s stew turned Ilana Kadonoff off meat at the age of s...
Recently I had the privilege of working alongside André Voskuil, a local guru in the world of Alternative Financing. André has quite the reputation in the world of direct investments as ...