U.S. losses from Russian food ban $715 million
On August 7, Russia banned imports of beef, pork, poultry, fish, cheese, dairy products, fruit and vegetables from Australia, Canada, Norway, the US and the EU for one year in a response to Western sanctions.
The U.S. has an 4% share in Russian food imports, while the EU is the largest importer with a 40% share.
American companies were the largest suppliers of nuts to Russia in 2013 with the US almond supplies standing at 95% of all almonds imported to Russia last year.
The US accounted for about 50% of chicken imports to Russia, while Russia ranked fourth in US export with a 6% share.
Pork, beef and fish supplies were less significant both for the US and Russia, the authority said. ■