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Pork, Poultry Industries Brace for Impact of Sanctions by Russia

Posted August 11, 2014

Under Economic Issues, International Trade Issues

(CBC News)

The pork industry is one of the agricultural sectors that will “feel the pinch” of a year-long ban on Canadian agricultural exports to Russia, with as many as 1,000 containers of pork currently on the water en route to Russia.

Russia imposed sanctions on Wednesday against meat, fish, milk and dairy products, fruit and vegetables from Canada, the U.S., the European Union, Australia and Norway.

Russian Prime Minister Dmitry Medvedev said the ban was a response to escalating sanctions against Russia, which have already put limits on currency exchange for its banks and technology exchanges. Read more here.