Russia will extend the embargo on food imports from the EU member states and other countries until the end of 2017, Russian Prime Minister Dmitry Medvedev announced on May 27th, cites Interfax/LETA.
Medvedev said he had given orders for the Russian food embargo to be extended not by one year, but until the end of 2017.
“Our producers have said on several occasions that they want the food embargo on agrarian goods and farm produce from those countries that imposed or joined sanctions against Russia to remain in place. I want to say that I have given instructions to draft proposals on extending the response measures not by one year, but until the end of 2017,” he said at a meeting with members of the Russian Union of Industrialists and Entrepreneurs (RUIE).
Medvedev said an appeal to Russia President Vladimir Putin and the necessary government resolution would be drafted.
“Therefore, those engaged in the agricultural business, the agro-industry, will receive a longer, more distant horizon for planning their investment, which they have repeatedly requested. Both the major agricultural companies and the relatively smaller ones will receive the ability to tally up how and what will be produced over a longer-term outlook,” he said.
On August 7, 2014, the Russian government put a one-year embargo on imports of most food products from the EU, the US, Australia, Canada and Norway in response to the sanctions these countries have imposed against Russia for its aggression in Ukraine. In 2015, the embargo was extended until August 5, 2016.
Source: The Baltic Course
The Hershey Company has formally announced a leadership succession plan as Michele Buck, the current chairman, president and CEO, prepares to retire on June 30 2026. Buck, who has been with the company for two decades, will remain in her roles until a successor is appointed, after which she will transition to a senior advisor position.
The Kraft Heinz Company has officially appointed Marta Pilczuk as the managing director for its UK and Ireland operations, effective from January 1 2025. Pilczuk, who has over 16 years of experience in the fast-moving consumer goods (FMCG) sector, steps into this role following a successful tenure as managing director of Kraft Heinz Poland.
The US Food and Drug Administration (FDA) has banned the use of the synthetic colourant Red Dye 3 in food, beverages and ingested drugs. The decision, announced on 15 January 2025, follows two studies that linked the dye to cancer in male laboratory rats.
