Russia ban to hit dairy worst

A Russian ban on Western food imports until early 2016 look set to drive global dairy prices even lower.

This week, EU foreign ministers extended broad economic sanctions on Russia until the end of January 2016, dashing hopes that food exports to Russia would resume in August after a 12-month ban.

Instead, Russia may add new products to the list of banned goods, which already included fruit, vegetables, meats, and dairy products.