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Russian food ban impact

Icelandic bank predicts lower production costs will fully offset Russia ban

Central Bank economic forecast suggests Icelandic exports will increase by 7% in 2015, as in 2014, despite ISK 10 billion lost in sales to Russia

By Undercurrent News | Aug. 20, 2015 10:18 BST
Husavik, Iceland. Photo: Nick Sarebi
Husavik, Iceland. Photo: Nick Sarebi
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An economic forecast from Iceland's Central Bank suggests the country's exports will increase by 7% in 2015, as they did in 2014, despite ISK 10 billion lost in sales to Russia, reports the Reykjavik Grapevine [...]

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