Red Bull’s principal Horner says Kvyat’s confidence grows ahead of Russia F1 GPSport April 28, 15:59
Finishing Russia Grand Prix in top five will be good for Red Bull drivers — team principalSport April 28, 15:54
Austria’s OMV head tells Putin about joint plans with Gazprom to extract gas in SiberiaBusiness & Economy April 28, 15:16
Central Bank may lower key rate to 8.5% by year’s end — Ex-Finance Minister KudrinBusiness & Economy April 28, 15:02
Russia to reach target oil production cut level on April 30 — energy ministerBusiness & Economy April 28, 14:36
Bernie Ecclestone says racing track in Sochi remains among his favorite onesSport April 28, 14:19
Russia ready to provide Hitler’s skull to scrutinize its authenticitySociety & Culture April 28, 14:15
State-run Ukrainian bank launches seizure of ex-president Yanukovich’s assetsBusiness & Economy April 28, 14:05
Russia to upgrade parachute for Ratnik ‘soldier of future’ combat outfitMilitary & Defense April 28, 13:46
She said inflation could grow by 0.8% in 2014 and 0.7% next year because of the food import ban imposed by Russia against Western countries in response to their sanctions.
Nabiullina said these were “very tentative” figures and much would depend on how fast the Russian economy adapted itself and substituted imports.
On August 6, Putin signed an executive order on countermeasures to Western sanctions.
The document entitled “On the Application of Certain Special Economic Measures to Ensure the Security of the Russian Federation” prohibits or restricts, for one year, the import of certain kinds of agricultural products, raw materials and food originating in a country that has imposed economic sanctions against Russian companies and (or) individuals or has joined such sanctions.
The Russian government was given relevant instructions. In particular, it was instructed “to take measures to ensure balanced goods markets and prevent accelerating price rises for agricultural products and foodstuffs; to organise together with regional authorities timely monitoring of goods markets; and act together with associations of goods producers, retailers and organisations to take measures to increase supply of domestic goods”, the executive order said.
On the same day, Prime Minister Dmitry Medvedev signed a resolution banning the import of beef, pork, cheese, fowl, milk, and fish from the European Union, the United States, Australia, Canada, and Norway for one year.
The ban came in response to the Western sanctions imposed against Russia by the US, the EU, Canada, and Japan.