Preliminary results of French polls reveal defeat of two leading partiesWorld April 23, 22:49
Macron, Le Pen lead in first round of French election — TVWorld April 23, 21:33
Russian Foreign Ministry slams OSCE car incident in Donbass as 'provocation'Russian Politics & Diplomacy April 23, 19:41
Macron winning presidential polls among French living in US, Canada — TVWorld April 23, 19:12
French nationals in Moscow expect presidential polls to bring changes to their countryWorld April 23, 18:01
French presidential hopefuls cast ballots in first round of electionWorld April 23, 15:52
OSCE staff member dies in car blast in DonbassWorld April 23, 13:55
Presidential hopeful Emmanuel Macron gets in line to voteWorld April 23, 12:26
First candidates cast ballots in presidential election in FranceWorld April 23, 11:26
MOSCOW, August 26. /ITAR-TASS/. Russia’s food embargo imposed in response to western sanctions will add 1% to inflation this year, the Economic Development Ministry said on Tuesday.
“This will add about 1% this year and some effect will be felt next year,” head of the ministry’s macroeconomic forecast department Oleg Zasov said.
“The food price growth will be mostly registered in the first quarter of next year. This is our estimate and there is big uncertainty about it. We also project an additional 0.5% [in inflation growth] for next year, which may be attributed to this effect,” he said.
Russian President Vladimir Putin signed a decree in early August to ban for one year the imports of agricultural, raw and food products from the countries that imposed sanctions against Russia over its stance on the developments in neighboring Ukraine.
Prime Minister Dmitry Medvedev later announced that the Russian government had imposed a one-year ban on imports of beef, pork, poultry, fish, cheeses, fruit, vegetables and dairy products from Australia, Canada, the European Union, the United States and Norway.
The Economic Development Ministry has also increased its inflation forecast for 2014 from the target level of 6% to 7-7.5%, Zasov said.