Domestic Russian Fish Prices Soar 30% After Putin's Food Bans
SEAFOODNEWS.COM [Moscow Times] - April 10, 2015 -
Domestic fish prices have risen 31 percent since Russia embargoed a range of Western food imports in August, the head of the Federal Fisheries Agency said Thursday.
The prices of salmon, herring and pollock rose most noticeably, the agency's head Ilya Shestakov told a meeting of fishing officials, the Interfax news agency reported.
Food price inflation, particularly for meat, fish, and fruit and vegetables, has led a wave of consumer price rises triggered by a huge devaluation of the ruble currency in 2014 and the Kremlin's food import bans, a retaliation against Western sanctions on Moscow over the Ukraine crisis.
The European Union, Russia's leading trade partner, was hit hardest by the embargo. Norway was a key supplier of salmon to Russia prior to the ban, and Scottish fishing companies delivered large amounts of herring to northern Russian ports.
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