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Mayhem Requiem

Putin issues retaliatory ban on food imports, includes US chicken


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Woolfsmck

It's sad that politics has to hurt the people of Russia.. And visa versa ..

like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true
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Is that basically means them Russians will eat oils??

All good foods are from Europe and North America.

No more Italian foods? What is life without pasta, pizza, salami, what? WHAT???!!

Or tasty German/Belgium beers??

Or amazing wines from EU!

Or churros, Valencia paella, and all that tasty Spanish foods?

Or Greek foods.

No more Big Mac??! No KFC?? No Starbucks??

Life have no meaning anymore!

:messga:

 

You don't really think your paella is made in Spain and your pizza in Italy then imported, right? xd

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Kermit the frog

Putin - still the world's biggest bully and asshole.

 

corrected that for you.

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Economy

I find it so funny how now a days war is as much economic sanctions or even more than is actual military :toofunny:

Anyway this may not hurt their economy that much as it will raise competitiveness of domestic producers if there are less Countries they can buy from!!!

Of course, any product they cant grow themselves in their climate, may become very scarse

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Woolfsmck

I find it so funny how now a days war is as much economic sanctions or even more than is actual military :toofunny:

Anyway this may not hurt their economy that much as it will raise competitiveness of domestic producers if there are less Countries they can buy from!!!

Of course, any product they cant grow themselves in their climate, may become very scarse

Actually, Japan entered WWII by attacking the U.S. largely because of economic sanctions... Japan has no oil... at the time their sole source was the U.S. ... so they actually were invading some areas of asia to secure petroleum that the U.S. was choking them out of.
like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true
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Actually, Japan entered WWII by attacking the U.S. largely because of economic sanctions... Japan has no oil... at the time their sole source was the U.S. ... so they actually were invading some areas of asia to secure petroleum that the U.S. was choking them out of.

This is a good point. I have read it around recently. If someone is choked up resources to a point, so bad, they will have no other choice but to attack. It's defiantly not to that point yet. Let us hope it doesn't get that far.

Xalser
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Dont you get it, Putin is making Russia less dependent on other countries. This could very much mean there's plans to increase the military presence or even make a an offensive move in Ukraine.

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It seems that chickens are always the first to go in trade disputes.

Russia plans to restrict imports of U.S. poultry, according to the National Chicken Council. The move is retaliation for sanctions that American and Europe have imposed on Russia over its actions in Ukraine.

President Vladimir Putin ordered his government Wednesday to come up with a list of food and agricultural imports from countries that have applied sanctions on Russia. The imports are to be banned or limited for one year.

So, is the American poultry industry plucked? Not really, says the Chicken Council.

Russia is the second largest export market for U.S. chicken. Last year, America exported roughly 267,000 metric tons of chicken, worth about $309 million, to Russia, according to the NCC.

That may sound like a lot, but US producers have become less dependent on the Russian market over the past 20 years as domestic production has ramped up.

Russia currently accounts for about 7% of total U.S. poultry export volume. That's down from as much as 40% in the 1990s, the council said.

"We do not expect that a Russian ban on U.S. poultry imports will have a great impact on our industry," the NCC said in a statement.

The stock of Tyson Foods (TSN), one of the leading American poultry producers, is down about 2% Thursday. Other leading U.S. chicken companies are not seeing much movement in their share prices.

Related: Russian chill gives Europe the shivers

The bigger impact from the ban will likely be felt by Russian consumers. The Russian economy is already fragile and inflation has been heating up. Chicken prices in Russia have been rising at a rate of 2% to 3% a week, according to the council.

Overall, the United States has limited trade relations with Russia. U.S. exports to Russia totaled just over $11 billion in 2013, which is a tiny fraction of the nation's $15.7 trillion gross domestic product.

"I don't think, on macro level, this will make a huge difference," said Mikhail Liluashvili, an economist at Oxford Economics.

http://money.cnn.com/2014/08/07/investing/russia-us-chicken-ban/index.html?hpt=hp_t2

 

chicken-panic1.jpg

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