The worldwide seafood industry is steeling itself for price hikes, supply disruptions and potential job losses as new rounds of economic sanctions on Russia make key species such as cod and crab harder to come by. …
Smithfield Foods, Inc. today announced cash and in-kind donations totaling $2 million to crisis relief efforts aiding the citizens of Ukraine and those seeking refuge in surrounding areas. In response to escalating violence in Ukraine, Smithfield will expand ongoing refugee relocation and aid assistance underway through its operations in Central Europe with $250,000 donations to each of the following nonprofit disaster-relief organizations: …
The fresh fruit and vegetables sector is exposed to unprecedented business conditions resulting from the combined effects of increased costs in the aftermath of the Covid-19 pandemic and the geopolitical instability in the Eastern part of the European continent. These developments are completely reshaping the global business environment for fresh produce. Within an interconnected and international fruit and vegetables sector, thoughts and solidarity go from the European fruit and vegetables sector to those suffering from the violence and stolen freedom from this situation. …
The Southern Hemisphere Association of Fresh Fruit Exporters has reviewed the Russian and the Ukrainian fresh fruit import markets and expects increasingly difficult conditions to maintain supply to both markets. …
U.S. Senators Dan Sullivan and Lisa Murkowski (both R-Alaska) this week introduced the U.S-Russian Federation Seafood Reciprocity Act, legislation that would impose a ban on the import of all Russian seafood products into the United States in response to Russia’s own prohibition on the import of U.S. and other western seafood products since 2014. Russia enacted its embargo in response to a suite of sanctions the United States and its allies imposed following Russia’s 2014 invasion of the Crimean Peninsula in Ukraine. …
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