Russian food producers profit from EU food import ban

Russian food producers RusAgro and Cherkizovo have posted record profits for Q3 2014 on the back of the rise in the price of pork triggered by the ban on EU food imports and by the brake on other imports caused by the devaluation of the rouble.
In the first nine months of the year, revenues at RusAgro grew by 79% year on year and by 161% in its pork division. Overall revenues at Cherkizovo were up by 21% over the same period.  BFM