Russia bans imports on U.S. agricultural goods

BY Ariel Min  August 6, 2014 at 5:55 PM EST
Photo by Lance Cheung/USDA

The New York Times reports that U.S. poultry exports to Russia account for about $300 million. Photo by Lance Cheung/USDA

Russian President Vladimir Putin signed an order on Wednesday to ban and limit imports of agricultural products from the United States and other countries that have imposed sanctions on Russia.

The U.S. and the European Union have recently imposed some of the toughest sanctions on Russia amid escalating tensions over the crisis in Ukraine, banning Russian companies, banks and exported goods.

Russian state news agency RIA Novosti reported that Putin ordered the ban as a retaliation to countries that have established sanctions on Russia, banning fruits from Poland and beef and cattle from Romania.

According to The New York Times, Russia relies heavily on agricultural products from the U.S., with the imports adding up to about $1 billion annually in recent years. The import restrictions might also hurt Russia’s own economy, The Moscow Times wrote on Wednesday.

Moscow has been denying all allegations linking its involvement in the conflict along the Ukrainian border.