Stocks of Russian food producers rocket on Moscow Stock Exchange on Friday
The Russian government approved the list of foreign agricultural products on which Russian sanctions are imposed
MOSCOW, August 08./ITAR-TASS/.Stocks of Russian food producers rocket on Moscow Stock Exchange on Friday.
As of 11.40am Moscow time, stocks of Russian Sea fish and seafood producer surged 34.85%; one of the largest agricultural holdings Razgulay jumped 39.87%; GlavTorgProduct stocks rose 35%
Cherkizovo meat manufacturer saw 8.25% stock rise, Ostankino meat processing plant - 18.5%
Meanwhile, the MICEX Index remained unchanged as compared to Thursday closing; the RTS Index dropped 0.7%
The Russian government approved the list of foreign agricultural products on which Russian sanctions are imposed. Thus, the government has fulfilled President Vladimir Putin’s decree of August 6 “On separate special economic measures for ensuring Russia’s security.” The document imposes one-year restrictions on the import of agricultural products from the states that supported anti-Russian sanctions. The decree says that the measures are taken “for the protection of the national interests of the Russian Federation”.