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Return of Turkish goods to Russian market to have no effect on inflation

March 11, 1:15 UTC+3 MOSCOW

Earlier today, the Russian government said on its website that Russia has lifted the ban on exports of chewing gum, salt, onions, cauliflower, broccoli and carnations from Turkey

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MOSCOW, March 10. /TASS/. The resumption of deliveries of cauliflower, broccoli, onion and carnations from Turkey to Russia is unlikely to have any effect on inflation in the country, a spokesperson for the Russian Economic Development Ministry told TASS Friday.

"The resumptions of deliveries from Turkey will make the market of these goods more competitive and, as a result, will either lead to a slower growth or bring the prices down. At the same time, the effect that the cancellation of the sanctions will have on the dynamics of retail prices will be determined by the amounts and terms of those deliveries. On the whole, the lifting of the ban on the deliveries of carnations, onion, cauliflower, broccoli and salt is unlikely to have any significant effect on the inflation, considering the low share that these products have in the consumer goods basket used to calculate the consumer price index," the ministry said.

Earlier today, the Russian government said on its website that Russia has lifted the ban on exports of chewing gum, salt, onions, cauliflower, broccoli and carnations from Turkey.

The Russian government banned supplies of a number of food products from Turkey to Russia from January 1, 2016 amid political tensions. Thus, import of fruits (oranges, tangerines, grapes, apples, pears, apricots, peaches and nectarines, plums, wild strawberries and strawberries) and vegetables (tomatoes, cucumbers, cauliflower, broccoli, yellow onions). Also, supplies of frozen turkey, chicken, fresh Turkish pinks and salt has been banned.

In addition, imports of certain categories of plant products from Turkey (pepper, pomegranates, eggplant, lettuce and iceberg, zucchini and pumpkin) were banned for phytosanitary reasons.

In October 2016, Russia has partially lifted the ban on Turkish agricultural products and allowed import of a number of fruits.

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