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

IKEA Drops Salmon, Cheese From Menu Due to Sanctions
20.08.2014 15:17
IKEA Drops Salmon, Cheese From Menu Due to Sanctions
Photo Credit: http://www.ikea-club.org

Swedish furniture giant IKEA has announced it will not replenish its supplies of Norwegian salmon and traditional Swedish cheese in its stores due to the food embargo imposed by the Russian government on August 7.

      Some of the items will remain on the menu, however, including sausages that are produced locally according to the original technology, using Russian or Brazilian meat.

      Earlier, Russia-IC reported that Switzerland rejected an appeal from other European countries hit by the Russian food embargo to export their products via its territory in the latest twist of the sanctions war, says The Wall Street Journal.

      Earlier, Switzerland announced it will not help Russia to bypass the EU’s restrictions, either.

      There’ve been many projections of the economic effect of the sanctions. Some said they will hurt the Russian economy by €23 billion this year (1.5 percent of its GDP) and €75 billion in 2015 (4.8 percent of its GDP).

      The EU will also be hurt by the capital markets restrictions and trade bans for defense, high technology and goods that can be used both for military and defense purposes.

      There’s been a lot of concern from southern member states, including Greece and Italy, where fragile economic growth could give way to recession.

      In Germany, the Committee on Eastern European Economic Relations, a powerful lobby group, said about 350,000 German jobs are under threat.

       




Author: Mikhail Vesely

Tags: Russian sanctions     

Next Previous


You might also find interesting:

Moscow will Subsidize Art Galleries and Business in the Field of Education
13.08.2020
New Rules for Controlling Cash Transactions Came into Force in Russia
11.01.2021
IT Sector Accounted for 60% of the Total Amount of All Venture Capital Investments in Russia
16.12.2020
Forbes Named 15 Best Banks for Russian Millionaires
29.08.2020
Yandex Acquires the Parent Company of Tinkoff Bank
30.09.2020



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share


TAGS:
State History Museum  Katya Dobryakova  Eggs  St. Petersburg nightlife  St. Petersburg  Russian tourism  travel to Russia  Cancer  Exhibitions in Moscow  Fashion Futurum  Festivals in Moscow  Russian holidays  Russian regions  Modern Art  Environmental Protection  Russian business  Archeopark  Sochi  Kabardino-Balkaria  Mercedes-Benz Fashion Week Russia  Valery Gergiev  Okhotsk Sea  Khanty-Mansi Autonomous Okrug  Moscow  Online Exhibitions  Alexander Kolchak  Music Theaters  Paleontology  Norilsk Nickel  Bolshoi  Yaroslavl Region  Rock Music  StartTrack  Chinghiz Aitmatov  Primorsky Territory  Ulan-Ude  Russian human rights movement  Russian ballet dancers  Sakhalin  Gold Bee Design Biennale  Konstantin Korovin  Russian media  The Romanov Family  Nizhny Novgorod  travel mobile applications  Inquisition  the Urals region  Olga Borodina  Russian Cinema  Russian sportsmen 


Travel Blogs
Top Traveling Sites