Fears of a damaging trade war between Russia and the west grew as Moscow banned imports of agricultural and food products and threatened possible sanctions on the aerospace, shipbuilding and car sectors.
Escalating its response to western sanctions over the country’s role in the Ukraine crisis Moscow barred imports of meat, fish, seafood, vegetables, fruit, milk and dairy products from the US, the EU, Australia, Canada and Norway for a year. A range of processed foods are also on the blacklist.
Prime Minister Dmitry Medvedev confirmed he was “potentially ready” to introduce protective measures in several industrial sectors.
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