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Canadian businesses stand to lose $600 million from Russian sanctions
- Global and Mail
YEREVAN, August 28. /ARKA/. It's estimated that the recent sanctions
announced by Russia could wind up costing Canada $600 million per
year, according to The Globe and Mail, with some of the biggest blows
being felt by food exporters. Pork, shrimp, vegetable and dairy
exports are expected to feel the effects most acutely.
Jayson Myers, president and CEO of the trade group Canadian
Manufacturers and Exporters, told the national newspaper that these
sanctions often have a domino-like effect.
"There are a number of other sectors that this sends a signal to, and
they are concerned," Myers told The Globe and Mail. "There are other
areas where we could be susceptible if this continues to escalate."
Brad Nelson, general manager of Honey Bee Manufacturing, which is
based in Saskatchewan, added that sales in his industry don't seem to
have felt the effects as of yet, but that's subject to change.
"I'm always concerned about these things," said Nelson in an interview
with Canada's second-largest daily newspaper. "Sanctions start with
something and end up with something else." -0--
http://arka.am/en/news/economy/canadian_businesses_stand_to_lose_600_million_from _russian_sanctions_global_and_mail/#sthash.a8oPBBlI.dpuf
- Global and Mail
YEREVAN, August 28. /ARKA/. It's estimated that the recent sanctions
announced by Russia could wind up costing Canada $600 million per
year, according to The Globe and Mail, with some of the biggest blows
being felt by food exporters. Pork, shrimp, vegetable and dairy
exports are expected to feel the effects most acutely.
Jayson Myers, president and CEO of the trade group Canadian
Manufacturers and Exporters, told the national newspaper that these
sanctions often have a domino-like effect.
"There are a number of other sectors that this sends a signal to, and
they are concerned," Myers told The Globe and Mail. "There are other
areas where we could be susceptible if this continues to escalate."
Brad Nelson, general manager of Honey Bee Manufacturing, which is
based in Saskatchewan, added that sales in his industry don't seem to
have felt the effects as of yet, but that's subject to change.
"I'm always concerned about these things," said Nelson in an interview
with Canada's second-largest daily newspaper. "Sanctions start with
something and end up with something else." -0--
http://arka.am/en/news/economy/canadian_businesses_stand_to_lose_600_million_from _russian_sanctions_global_and_mail/#sthash.a8oPBBlI.dpuf