In a significant move, Russian President Vladimir Putin has signed a decree to extend the embargo on agricultural products from Western countries for an additional two years.
This new ban will be in effect from January 1, 2025, until December 31, 2026. This extension marks the first time that such a ban has been prolonged for more than one year, according to reports from local media.
The original embargo was put in place in August 2014 as a response to sanctions imposed by Western nations due to Russia's actions in Ukraine. Initially targeting products from the United States, European Union, Australia, Norway, and Canada, the ban has since been broadened to include items from other European nations, notably Ukraine.
Putin has publicly praised the impact of this import ban, claiming that it has significantly contributed to the growth of Russia's agricultural sector. Since the ban was enacted, Russian farmers have reportedly increased their production capabilities and diversified their offerings, reducing reliance on imports from the West.
The Kremlin's strategy seems aimed at bolstering national agriculture while sending a clear message regarding its stance against Western sanctions.
The decision to extend the embargo aligns with Russia's ongoing efforts to assert its economic independence and resilience in the face of international pressure.
By promoting domestic agriculture, the Russian government hopes to mitigate the effects of Western sanctions and encourage self-sufficiency in food production.
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