Russia rejects EU food for another year

Russia shocked the EU’s food exporters last week by extending a boycott of EU goods by 12 months.

After the EU recently announced a six months sanction on trading with Russia’s financial, energy and defence sectors, the country’s leaders in Moscow were expected to extend by the same period the EU agri-food ban which was due to end in early August.

Instead, the EU sanctions, designed to push Russia to comply with terms of a ceasefire agreement with Ukraine, triggered a surprisingly strong reaction in Moscow.