Advertise in Print | Subscriptions
Published August 12, 2014, 09:34 AM

Turkish exporters enjoy boost from Russian ban on Western foods

Russian companies have increased their orders from Turkish firms after Moscow stopped imports of most food from the West in retaliation for U.S. and European Union sanctions over Ukraine, a Turkish exporters’ group says.

By: Reuters,

ISTANBUL — Russian companies have increased their orders from Turkish firms after Moscow stopped imports of most food from the West in retaliation for U.S. and European Union sanctions over Ukraine, a Turkish exporters’ group says.

“Demand from Russia for Turkish products increased after limits to trade with the U.S. and EU were introduced,” says Turkish Exporters Assembly Chairman Mehmet Buyukeksi.

“We expect a Russian delegation to visit Turkey next week within this framework,” he says.

Last week, Moscow banned imports of most food from the West in retaliation against sanctions over Ukraine, a stronger-than-expected measure that isolates Russian consumers from world trade to a degree unseen since Soviet days.

Buyukeksi says he expects a significant increase in poultry and seafood exports, and that Turkey could also meet increased demand for fruit and vegetables.

He says his organization is working closely with the economy and agriculture ministries to simplify procedures for exporting to Russia.

Tags: