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Russian food ban impact

All-time low rouble, liquidity issues, upping pressure on Russian importers

Importers are suffering losses as devaluing rouble and liquidity issues have kept wholesale prices down, while importing prices have soared due to ban

By Eva Tallaksen | Oct. 20, 2014 09:33 BST
Inside an Auchan supermarket, Kommunarka, Moskovskaya Oblast, Russia
Inside an Auchan supermarket, Kommunarka, Moskovskaya Oblast, Russia. Photo: Thawt Hawthje
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The plummeting rouble and the impact of Russia’s Aug. 7 food ban is hitting importers hard, several sources at Russian importers told Undercurrent News. [...]

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