IBU Executive Board finds no grouns to suspend Russia's biathlon teamSport January 21, 22:53
Russia terrified watching monuments destroyed in Palmyra — culture ministerRussian Politics & Diplomacy January 21, 17:08
Russian bombers deliver successfully strikes on terrorists' facilities in SyriaWorld January 21, 15:39
Denmark uses Russian data in its application for expanding shelf — ministerBusiness & Economy January 21, 15:15
Agreement on bases in Syria to serve strengthening of stability in Middle East — MPRussian Politics & Diplomacy January 20, 21:18
Trump's inaugural address: When America is united, America is totally unstoppableWorld January 20, 20:57
Hermitage chief: New Palmyra destruction comes across as militants' vengeanceRussian Politics & Diplomacy January 20, 20:29
Russia's first deputy PM wants to keep current tax system for next political cycleBusiness & Economy January 20, 19:53
Russia’s Shipulin clinches gold in 20km individual race of IBU World Cup stage in ItalySport January 20, 19:18
“As for Russia, the ban will disrupt well-established food import channels, pushing up its import prices and inflation,” the EBRD said.
The bank does not rule out a negative effect of the Russian food embargo on the gross domestic product dynamics because the capacity utilization in the food industry is only 4% lower than the average capacity usage across all sectors of the economy, and a 4% output increase will make for only 15% import replacement.
The sanctions will hit Lithuania most of all EU countries, because imports to Russia account for 2.7% of the national GDP. Norway, Poland and Hungary will suffer as well, while Brazil, Turkey, Belarus, possibly Serbia and China will benefit from the Russian policies, the EBRD said.