Russia’s ban on imports of food and agricultural products from countries that have imposed sanctions will have an impact on U.S. seafood exports, and particularly on exports of frozen salmon roe, said the Department of Agriculture in a Global Agricultural Information Network report issued Aug. 22. U.S. seafood comprises 3 percent of all Russian seafood imports, it said. Having banned imports of certain seafood from the U.S., Canada, European Union, Australia, and Norway, Russia will now turn to its own far east, as well as China, Chile, Ecuador, and the Faeroe Islands to fill the gap. But making up for the lost imports will be difficult, and Russian consumers should see prices rise 20-30 percent in the near term, said the report.
Russia export controls and sanctions
The use of export controls and sanctions on Russia has surged since the country's invasion of Crimea in 2014, and especially its invasion of Ukraine in in February 2022. Similar export controls and sanctions have been imposed by U.S. allies, including the EU, U.K. and Japan. The following is a listing of recent articles in Export Compliance Daily on export controls and sanctions imposed on Russia:
On Aug. 22 the Foreign Agricultural Service posted the following GAIN reports:
On Aug. 21 the Foreign Agricultural Service posted the following GAIN reports:
Russian Prime Minister Dmitry Medvedev relaxed the recent Russian agricultural ban on Western imports. The country will now permit “hatchlings of salmon and trout as well as seed of potatoes and seed of onion, sugar maize hybrid for planting and peas for planting,” Reuters reported (here). The ban has heightened tensions between Russia and Western countries that imposed sanctions in response to alleged Russian destabilization of Ukraine, but retaliatory options are unclear (see 14081417). The Aug. 20 order was published in Russian.
The International Trade Commission published notices in the Aug. 20 Federal Register on the following AD/CV injury, Section 337 patent, and other trade proceedings (any notices that warrant a more detailed summary will be in another ITT article):
The Norwegian government put into force new sanctions against Russia in response to alleged continuing Russian support for Ukrainian rebels, the Norwegian Ministry of Foreign Affairs announced on Aug. 15. That support is contributing to a security situation in Ukraine that deteriorates on a daily basis, said the statement. Russian President Vladimir Putin banned in early August agricultural imports from Norway, the U.S., European Union and Canada, in retaliation against Western sanctions (see 14081417). The latest round of Norwegian sanctions includes “asset-freeze measures and travel restrictions” on additional individuals and entities, a ban on Crimean imports and certain investments, and a ban on the import and export of certain Russian defense and dual-use items, as well as financial and petroleum trade restrictions.
On Aug. 18 the Foreign Agricultural Service posted the following GAIN reports:
On Aug. 15 the Foreign Agricultural Service posted the following GAIN reports:
In the August 16-18 editions of the Official Journal of the European Union, the following trade-related notices were posted:
Russian and Egyptian officials held “quite intense” negotiations on Aug. 12 in Sochi, Russia aimed at strengthening trade ties between the Eurasian Economic Union and Egypt, said Russian President Vladimir Putin in a statement following the talks. Russia, Belarus and Kazakhstan signed in May the Eurasian Economic Union treaty to create a customs union between the three countries (see 14053001). The two sides are now discussing ways to set up free trade zones, Putin said, adding that Russia is targeting increased agricultural imports from Egypt by at least “30 percent in the near term.”