US and Europe imposed sanction on Russia. It was mild at first but have been tightened sharply since Malaysia airliner was brought down. Now, the US and EU are targeting at Russia's defence, oil and financial sectors.
What does and how does Russia response to this sanction?
Russia will ban all imports of food from the US and all fruits and vegetables from EU. Putin ordered his government to come up with a list of agricultural products from countries that had imposed sanctions on Russia, which would be banned in retaliation. A sweeping response to the US and EU sanctions imposed over its support for rebels in Ukraine.
War of economic sanctions? Who is going to be the winner? Who is going to get hit?........Just quote one - it will hit consumers at home who rely on cheap imports, and on farmers in the West for whom Russia is a big market. Moscow is by far the biggest buyer of European fruit and vegetables and the second biggest importer of U.S. poultry.
Russia imported $43 billion worth of food last year. Russia bought 28 percent of EU fruit exports and 21.5 percent of its vegetables in 2011. It was the second biggest buyer of U.S. poultry after Mexico last year, accounting for 8 percent of U.S. chicken meat exports. Do you know Russia since the early days after the Soviet Union, when cheap American chicken quarters sold at street markets were called "Bush's legs" after the president.
Stock market moves ahead economic. Let's look at EU market. Whether is FTSE, DAX or CAC, dropped, dropped.....DAX took the lead, it has came down 10% from its peak. Nevertheless, it is at critical support level - between 8900 to 8980. If this support broke, the next one is at 8460.
What does and how does Russia response to this sanction?
Russia will ban all imports of food from the US and all fruits and vegetables from EU. Putin ordered his government to come up with a list of agricultural products from countries that had imposed sanctions on Russia, which would be banned in retaliation. A sweeping response to the US and EU sanctions imposed over its support for rebels in Ukraine.
War of economic sanctions? Who is going to be the winner? Who is going to get hit?........Just quote one - it will hit consumers at home who rely on cheap imports, and on farmers in the West for whom Russia is a big market. Moscow is by far the biggest buyer of European fruit and vegetables and the second biggest importer of U.S. poultry.
Russia imported $43 billion worth of food last year. Russia bought 28 percent of EU fruit exports and 21.5 percent of its vegetables in 2011. It was the second biggest buyer of U.S. poultry after Mexico last year, accounting for 8 percent of U.S. chicken meat exports. Do you know Russia since the early days after the Soviet Union, when cheap American chicken quarters sold at street markets were called "Bush's legs" after the president.
Stock market moves ahead economic. Let's look at EU market. Whether is FTSE, DAX or CAC, dropped, dropped.....DAX took the lead, it has came down 10% from its peak. Nevertheless, it is at critical support level - between 8900 to 8980. If this support broke, the next one is at 8460.
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