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Whats the Damage of Russian Retaliation

A

Anonymous

Guest
What’s the Damage of Russian Retaliation?


Thursday, August 07, 2014/Categories: General News, Today's Top 5, International , Cattle, Ag Issues, Sheep



What’s the Damage of Russian Retaliation?
by Todd Neeley, DTN Staff Reporter

OMAHA (DTN) -- Some U.S. agriculture sectors will be hit harder than others by a one-year ban on agriculture imports into Russia. The ban was announced Wednesday as a retaliatory measure by Russia President Vladimir Putin in response to economic sanctions by the U.S. and other Western countries due to ongoing military unrest in Ukraine.

In all, U.S. ag exports to Russia amount to about $1 billion a year. According to a report from Dow Jones Wednesday morning, the ban is most likely to hit U.S. shipments of soybeans, pork, chicken and nuts. U.S. meat and poultry exports to Russia totaled about $329 million last year, according to U.S. Census Bureau data. U.S. soybean exports to Russia last year were valued at about $157 million.

American Soybean Association President Ray Gaesser said in a statement Wednesday afternoon that Russia's actions will affect many U.S. soybean customers.

"Russia is a key trading partner for U.S. agriculture, and the Russian people are our customers like so many others in the world's emerging markets," he said.

"However, we would add that Russia, while very important, is only one of hundreds of our customers worldwide. By limiting his people's access to American soybeans and other products, he does a great disservice to his Russian countrymen and women. ASA pushed hard for the establishment of permanent normal trade relations with Russia last year because of the significant growth and opportunity presented in the Russian marketplace.

"Soybeans are the biggest crop export from the U.S. to Russia, due in large part to that country's burgeoning economy and growing demand for meat. Sanctions and bans like the one proposed by President Putin serve only to hurt the Russian people by limiting their access to the food and products they need and want."

Gaesser said it remains to be seen exactly which products will be affected most by the Russian ban.

"While we certainly want to see a key market protected, it is equally important for American farmers to demand a higher standard from our trading partners," he said. "In this case, that standard is not being met and we urge President Putin to rescind this ban."

American Farm Bureau Federation President Bob Stallman said in a press release that Russia's ban was "clearly political."

"It is unfortunate that the biggest losers in this will be Russian consumers, who will pay more for their food now as well as in the long run," he said. "America's farmers and ranchers would have been more surprised if Russia's leaders had not announced bans and restrictions on food and agricultural imports. They do so regularly for seemingly small reasons, and now they have to deal with sanctions imposed by our nation and others."

Mark Lambert, senior communications director for the National Corn Growers Association, told DTN in an email that recent declines of U.S. corn exports to Russia make the ban less significant than it could have been.

"We are monitoring this developing situation closely," he said. "As you know, they import little corn from us these days -- in fact, they are a net exporter of grain -- however, they do import significant amounts of other products like meat with a direct economic connection to corn. Stay tuned."


http://www.northernag.net/AGNews/AgNewsStories/TabId/657/ArtMID/2927/ArticleID/3341/Whats-the-Damage-of-Russian-Retaliation.aspx


I wonder how this will affect the Stevenson's and their Sputnik Ranch operation?

http://billingsgazette.com/business/montana-cattle-exports-take-off-with-sputnik-ranch-in-russia/article_a1dc5b8e-5098-56dd-958d-045d12aa103d.html
 

Traveler

Well-known member
Did anyone look up taxes in Russia? From what I can decipher the sales tax is 18%, income tax on a foreigner is 30%, capital gains is 30%, and then there is social security tax, and couldn't find info on exemptions fwiw. May not be accurate info., but sure the government is your partner. Also willing to bet these bans will hit some common folk over there pretty hard at meal time.
 
A

Anonymous

Guest
Oldtimer said:
What’s the Damage of Russian Retaliation?


Thursday, August 07, 2014/Categories: General News, Today's Top 5, International , Cattle, Ag Issues, Sheep



What’s the Damage of Russian Retaliation?
by Todd Neeley, DTN Staff Reporter

OMAHA (DTN) -- Some U.S. agriculture sectors will be hit harder than others by a one-year ban on agriculture imports into Russia. The ban was announced Wednesday as a retaliatory measure by Russia President Vladimir Putin in response to economic sanctions by the U.S. and other Western countries due to ongoing military unrest in Ukraine.

In all, U.S. ag exports to Russia amount to about $1 billion a year. According to a report from Dow Jones Wednesday morning, the ban is most likely to hit U.S. shipments of soybeans, pork, chicken and nuts. U.S. meat and poultry exports to Russia totaled about $329 million last year, according to U.S. Census Bureau data. U.S. soybean exports to Russia last year were valued at about $157 million.

American Soybean Association President Ray Gaesser said in a statement Wednesday afternoon that Russia's actions will affect many U.S. soybean customers.

"Russia is a key trading partner for U.S. agriculture, and the Russian people are our customers like so many others in the world's emerging markets," he said.

"However, we would add that Russia, while very important, is only one of hundreds of our customers worldwide. By limiting his people's access to American soybeans and other products, he does a great disservice to his Russian countrymen and women. ASA pushed hard for the establishment of permanent normal trade relations with Russia last year because of the significant growth and opportunity presented in the Russian marketplace.

"Soybeans are the biggest crop export from the U.S. to Russia, due in large part to that country's burgeoning economy and growing demand for meat. Sanctions and bans like the one proposed by President Putin serve only to hurt the Russian people by limiting their access to the food and products they need and want."

Gaesser said it remains to be seen exactly which products will be affected most by the Russian ban.

"While we certainly want to see a key market protected, it is equally important for American farmers to demand a higher standard from our trading partners," he said. "In this case, that standard is not being met and we urge President Putin to rescind this ban."

American Farm Bureau Federation President Bob Stallman said in a press release that Russia's ban was "clearly political."

"It is unfortunate that the biggest losers in this will be Russian consumers, who will pay more for their food now as well as in the long run," he said. "America's farmers and ranchers would have been more surprised if Russia's leaders had not announced bans and restrictions on food and agricultural imports. They do so regularly for seemingly small reasons, and now they have to deal with sanctions imposed by our nation and others."

Mark Lambert, senior communications director for the National Corn Growers Association, told DTN in an email that recent declines of U.S. corn exports to Russia make the ban less significant than it could have been.

"We are monitoring this developing situation closely," he said. "As you know, they import little corn from us these days -- in fact, they are a net exporter of grain -- however, they do import significant amounts of other products like meat with a direct economic connection to corn. Stay tuned."


http://www.northernag.net/AGNews/AgNewsStories/TabId/657/ArtMID/2927/ArticleID/3341/Whats-the-Damage-of-Russian-Retaliation.aspx


I wonder how this will affect the Stevenson's and their Sputnik Ranch operation?

http://billingsgazette.com/business/montana-cattle-exports-take-off-with-sputnik-ranch-in-russia/article_a1dc5b8e-5098-56dd-958d-045d12aa103d.html


Montana Cowboy Bucks Putin’s Meat Ban With Expansion


By Jason Corcoran and Ryan Chilcote Aug 14, 2014 5:00 PM MT


Montana lone ranger Darrell Stevenson knows it’s wise to drink upstream from the herd.

When Russian President Vladimir Putin banned U.S. and European meat last week, the third-generation cowboy already had a leg up on the competition. With a ranch 550 kilometers (340 miles) south of Moscow, he stands to benefit from a market increasingly walled off from foreign rivals after Russia struck back against countries that imposed penalties over Ukraine.

“Sanctions in the long run aren’t good for anyone,” Stevenson said by phone after a 30-hour journey back to Hobson, Montana, from St. Petersburg on Aug. 9. “In the short term, they’ll stimulate the growth and development of domestic herds. Within a year, a considerable amount of Russian-raised beef will be available.”

Waging Financial War»

Russia is scouring the world for produce ranging from Chilean salmon to Egyptian oranges to fill a $9.5 billion hole left by restrictions on food imports imposed last week. Much closer to home, the ranch near Voronezh run by Stevenson and his partners is jumping into the fray to help feed a nation of 143 million that imports about 40 percent of its beef.


Full article:
http://www.bloomberg.com/news/2014-08-14/montana-cowboy-boosts.html
 

Brad S

Well-known member
Suppose the US was going to sell Russia a ton of wheat, but now Russia sez nyet, and buys a ton from Egypt. Egypt was going to sell the ton they sold to Russia, to India, so India buys the ton from the US, that Russia was going to buy.
 

Steve

Well-known member
Traveler said:
Did anyone look up taxes in Russia? From what I can decipher the sales tax is 18%, income tax on a foreigner is 30%, capital gains is 30%, and then there is social security tax, and couldn't find info on exemptions fwiw. May not be accurate info., but sure the government is your partner. Also willing to bet these bans will hit some common folk over there pretty hard at meal time.

before the recession I was involved in shipping jetski's boats motorcycles and cars to Russia...

the reason was there was a loophole in the import laws.. one that skirted the Russian taxes..

it was cheaper to buy it here.... pay a % commission, pay storage and shipping.. then to buy it there..

I often located stuff right around the corner.. (Mercedes in Germany, Ski Doos in Bulgaria,.. ect)

but that took an extra leap and cost.. so it was the last route..

when the gray market is the viable choice.. taxes are to high..

if you don't believe me just ask John Kerry... :shock: :roll: :lol:
 

Traveler

Well-known member
Steve said:
Traveler said:
Did anyone look up taxes in Russia? From what I can decipher the sales tax is 18%, income tax on a foreigner is 30%, capital gains is 30%, and then there is social security tax, and couldn't find info on exemptions fwiw. May not be accurate info., but sure the government is your partner. Also willing to bet these bans will hit some common folk over there pretty hard at meal time.

before the recession I was involved in shipping jetski's boats motorcycles and cars to Russia...

the reason was there was a loophole in the import laws.. one that skirted the Russian taxes..

it was cheaper to buy it here.... pay a % commission, pay storage and shipping.. then to buy it there..

I often located stuff right around the corner.. (Mercedes in Germany, Ski Doos in Bulgaria,.. ect)

but that took an extra leap and cost.. so it was the last route..

when the gray market is the viable choice.. taxes are to high..

if you don't believe me just ask John Kerry... :shock: :roll: :lol:
Very interesting. Do you remember what the different rates were then, and how many other taxes there were?
 

Steve

Well-known member
Traveler said:
Steve said:
Traveler said:
Did anyone look up taxes in Russia? From what I can decipher the sales tax is 18%, income tax on a foreigner is 30%, capital gains is 30%, and then there is social security tax, and couldn't find info on exemptions fwiw. May not be accurate info., but sure the government is your partner. Also willing to bet these bans will hit some common folk over there pretty hard at meal time.

before the recession I was involved in shipping jetski's boats motorcycles and cars to Russia...

the reason was there was a loophole in the import laws.. one that skirted the Russian taxes..

it was cheaper to buy it here.... pay a % commission, pay storage and shipping.. then to buy it there..

I often located stuff right around the corner.. (Mercedes in Germany, Ski Doos in Bulgaria,.. ect)

but that took an extra leap and cost.. so it was the last route..

when the gray market is the viable choice.. taxes are to high..

if you don't believe me just ask John Kerry... :shock: :roll: :lol:
Very interesting. Do you remember what the different rates were then, and how many other taxes there were?

it had to be in excess of 50% when it came down to the final cost..

otherwise why wouldn't you just stop over in Germany and buy a new Mercedes.. instead of a technically used one from the states..

it would have stunned a person to see what was getting shipped...
 
A

Anonymous

Guest
Borowitz Report
March 18, 2014
U.S. Freezes Putin’s Netflix Account

By Andy Borowitz

WASHINGTON (The Borowitz Report)—In what was described as a major ramping up of sanctions, Secretary of State John Kerry announced on Tuesday that the United States had frozen Russian President Vladimir Putin’s Netflix account, effective immediately.


“Unless and until Mr. Putin calls off the annexation of Crimea, no more ‘House of Cards’ or ‘Orange Is the New Black’ for him,” Mr. Kerry said. “The United States will not stand by and reward the annexation of another sovereign nation with a policy of streaming as usual.”

While all of the sanctions Mr. Kerry announced on Tuesday were Netflix-related, he warned Mr. Putin that “nothing is off the table.”

“I’m sure I don’t need to remind the Russian President that ‘Game of Thrones’ is about to come back for another season,” he said. “As I have said, this thing could get very ugly, very fast.”
 

Steve

Well-known member
Oldtimer said:
Borowitz Report
March 18, 2014
U.S. Freezes Putin’s Netflix Account

By Andy Borowitz

WASHINGTON (The Borowitz Report)—In what was described as a major ramping up of sanctions, Secretary of State John Kerry announced on Tuesday that the United States had frozen Russian President Vladimir Putin’s Netflix account, effective immediately.


“Unless and until Mr. Putin calls off the annexation of Crimea, no more ‘House of Cards’ or ‘Orange Is the New Black’ for him,” Mr. Kerry said. “The United States will not stand by and reward the annexation of another sovereign nation with a policy of streaming as usual.”

While all of the sanctions Mr. Kerry announced on Tuesday were Netflix-related, he warned Mr. Putin that “nothing is off the table.”

“I’m sure I don’t need to remind the Russian President that ‘Game of Thrones’ is about to come back for another season,” he said. “As I have said, this thing could get very ugly, very fast.”

dang,.. it Kerry must be pretty worthless when the left is attacking him

but then most of US have known Obama and Kerry are both weaklings on the world stage..

192338.jpg
 

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