Russia’s latest ban on food imports from Ukraine will have “minimal impact on Ukraine” because imports have already dropped by 95% from 2012 levels,

Russia’s latest ban on food imports from Ukraine will have “minimal impact on Ukraine” because imports have already dropped by 95% from 2012 levels, the Ministry of Agrarian Policy and Food tells Interfax-Ukraine. From $2.1 billion in 2012 to about $110 million last year, Russia’s share of Ukraine’s overall food exports has fallen from 11.5% in 2012 to about half of one percent last year. Through November, Ukraine’s top three food export markets were: India — $1.7 billion; China — $1 billion; and the Netherlands –$1 billion.