08-08-2014, 10:23 AM
Russia has turned around global trades on food, energy and banking service... Who next to benefit from the move, after China and Brazil?
Mark Mobius is very bullish on Russia over longer term. May be the most benefited group are investment funds after the dust settled.
Russia food ban offers big opportunity for Brazil
SAO PAULO/BRASILIA - Russia's ban on many western food products presents a massive opportunity for meat and grain exports from agricultural powerhouse Brazil and a smaller one for its Latin American neighbors.
Around 90 new meat plants in Brazil were immediately approved to export beef, chicken and pork to Russia and the South American nation is already working to increase its exports of corn and soybeans sales to Russian buyers, Brazil's secretary of agricultural policy, Seneri Paludo, said on Thursday.
Brazil's enthusiasm for Russia comes as Moscow's relations with the rest of the West are at Cold War-era lows. Russia banned all imports of U.S. food products and certain goods from the European Union, Australia, Canada and Norway after President Vladimir Putin ordered retaliation for sanctions against Moscow over the Ukraine crisis.
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http://www.todayonline.com/world/russia-...ity-brazil
Mark Mobius is very bullish on Russia over longer term. May be the most benefited group are investment funds after the dust settled.
Russia food ban offers big opportunity for Brazil
SAO PAULO/BRASILIA - Russia's ban on many western food products presents a massive opportunity for meat and grain exports from agricultural powerhouse Brazil and a smaller one for its Latin American neighbors.
Around 90 new meat plants in Brazil were immediately approved to export beef, chicken and pork to Russia and the South American nation is already working to increase its exports of corn and soybeans sales to Russian buyers, Brazil's secretary of agricultural policy, Seneri Paludo, said on Thursday.
Brazil's enthusiasm for Russia comes as Moscow's relations with the rest of the West are at Cold War-era lows. Russia banned all imports of U.S. food products and certain goods from the European Union, Australia, Canada and Norway after President Vladimir Putin ordered retaliation for sanctions against Moscow over the Ukraine crisis.
...
http://www.todayonline.com/world/russia-...ity-brazil