Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS
russian visa

Food Prices Rose By 31.6 Percent In Two Years
August 10, 2016 16:57


Food prices in Russia grew by 31.6 percent during the two years of the food embargo mode. This was told to RIA Novosti by the Ministry of Economic Development. “Food prices rose by 31.6 percent in two years, they are 1.2 times ahead of inflation (general one - a comment by “”) and contributed nearly a half of inflation to it - 46 percent” – the agency’s representative said.

According to him, the introduction of counter-sanctions significantly affected the growth of food prices in late 2014 and early 2015. But their influence decreased in the second half of 2015. “The food products market managed to adapt to new conditions: the reorientation of importers to other suppliers took place already in the first half of the year, the purchases were carried out at lower prices” - the Ministry stressed.

Earlier, on 26 July, the Minister of Economy of Turkey asked Russia to permit the import of products under the food embargo. On July 1 the EU extended economic sanctions against Russia until January 31, 2017.


Author: Anna Dorozhkina


Next Previous

You might also find interesting:

Italy Calls Russia Pension Savings Moratorium Aeroflot Is Leading On Transit Routes Between Europe And Asia Vkontakte Turns 8 Russian Team Will Participate In World Chess Olympiad

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Alla Pugacheva  buy Russian designers  Andrei Rublev  Christmas  River Station in Moscow  Russian companies  Dimitrovgrad  Astrakhan Region  Regions  Peterhof  Kazan taxi  Russian business  St. Petersburg  Exhibitions in Saint Petersburg  Solovki  Russian Cinema  Exhibitions in Moscow  travel to Russia  Russian Composers  Krasnodar region  Yandex  Internet memes  FIFA World Cup   Russian regions  Vasily Pushkin  X5 Retail Group  Sumo Wrestling  Bolshoi Theatre  Leo Tolstoy  Hermitage Museum  Russian media  Russian cities attractions  Sarans  Mercedes-Benz Fashion Week Russia  Russian tourism  airport transfer in Russia  Russian sportsmen  Kirill Mamonov  Russian archaeology  Yaroslavl Museums  Moscow Helsinki Group Award  Rostov  Moscow  Festivals in Moscow  children tourism  Russian political parties  Saransk  St. Petersburg Parks   traffic restrictions   Jewish Museum 

Travel Blogs
Top Traveling Sites