Asian businesses investing about €3.5bn in milk and dairy production in Russia

Asian businesses are investing about €3.5bn in milk and dairy production in Russia, helping Moscow replace imports hit by trade sanctions on traditional suppliers.

Russia banned many Western food imports, including dairy, in 2014 in retaliation for sanctions over Ukraine, creating supply shortfalls and spurring investments in its agricultural sector.

Vietnamese dairy firm TH Group has begun building milk farms near Moscow as part of a €2.5bn 10-year project.

Stage one, costing €450m, will lead to the production of 800 tonnes a day of milk and other products, which are due to reach the Russian market in 2017.

The output projections were stated by TH Group chairman Thai Huong at a ceremony marking the start of construction.


Lifestyle

Another episode, another incredible Cork woman. The tale of Mother Jones, the famous union organiser and activist against child labour in 19th century America.Five things for the week ahead: RTÉ showcase another incredible Cork woman

Holger Smyth part-owns and runs Inanna Rare Books, which has recently opened a ‘rare book lounge’ at the former Hawthorn creamery near Drimoleague, Co Cork.We sell books: Cream of the book crop sold from former co-op

Milton Jones talks hecklers, Hawaiian shirts and the world’s favourite clever Irishman with Richard FitzpatrickMilton Jones: When one line will do just fine

After almost 70 years of trying the search goes on, but so far nothing has been found.Sky Matters: Whether we are alone in the Universe has exercised many great minds

More From The Irish Examiner