RUSSIA MEAT SECTOR PROFITS SOARING, SAYS AGRICULTURE MINISTRY
August 1st, 2017
THE RUSSIAN meat industry has reported that its profitability rose by 2.2 times between 2013 and 2016, actually benefitting from the tit-for-tat sanctions imposed by Russia and its western trading partners, according to the Russian ministry of agriculture.
In a report released on August 11, the ministry said state support for Russia’s meat industry increased following the imposition of sanctions. It grew production as a result, so much that the meat sector (including poultry) was not only able to meet domestic demand but had spare capacity to sell to more ...
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