Russia has said its ban on EU food imports will cost it “hundreds of billions of rubles” in subsidies.
Its agriculture minister, Nikolai Fyodorov, told the Rossiya 24 broadcaster on Wednesday (20 August) the government has set aside 50 billion rubles (€1.03bn) for this year to keep shop shelves stocked with EU-type products.
"We are trying to prove that it [the 50bn ruble subsidy] needs to be somewhat higher," he noted.
“The volume of additional support needed to substitut...
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