December 26, 2014

 

Argentina and Turkey to help alleviate Russia's food crunch
 

 

As Russia shuns food imports from the US and the West following sanctions over the Ukrainian crisis, Argentina may prove to be a promising market to meet Moscow's food demand, Sputnik News reports.

 

According to Russia's trade representative, Sergei Derkach, Argentina has raised seafood, poultry and dairy exports to the country, with seafood deliveries reaching US$25 million in the first nine months of 2014.

 

From January to September this year, Argentinian meat exports to Russia reached US$167 million worth, compared to only US$124 million in the same period last year.

 

Turkey, which straddles between Western Asia and Southeastern Europe, may help mitigate Russia's current food crunch. 

 

The country, closely aligned with the EU, plans to double agricultural goods exports to Russia by the end of 2015, according to its energy minister, Taner Yildiz.

 

Despite the trade sanctions the EU states and Russia imposed on each other, Turkey has been largely unaffected. It did not impose any restrictions on Moscow, so it has avoided being suspended from exporting agricultural products to Russia.

 

Yildiz said Turkey should give priority to dairy and poultry since local suppliers had already been accredited for these products.  

 

He also calls for an increase in quota of Turkish vehicles allowed to enter Russia. The current quota of 37,000 trucks does not work in favour of the Turkish-Russian trade, Yildiz said.

 

Russian Energy Minister Alexander Novak has reportedly promised to take the necessary action to resolve the issue.

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