Russia’s food ban changes logistics of global food supplies — FAO

MOSCOW, July 1. /TASS/. The food embargo introduced by Russia changed the logistics of goods supplies, including countries not exposed to restrictions, Food and Agriculture Organization of the United Nations and the Organization for Economic Cooperation and Development said in the joint report on Wednesday.

"The main outcome of the ban has been a realignment of trade flows, with a greater share of Russian imports originating in the countries not affected by restrictions, in particular in South America," the report said.

The document says more EU and US exports are now going to Asian markets that were previously supplied by South American exporters.

TASS reported earlier the Russian Government extended counter-sanctions against EU countries, the US, Canada, Australia and Norway through August 5, 2016, according to the government resolution .... http://tass.ru