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EU to hold talks with Latin America over Russian sanctions

  • The EU is planning to hold talks with Latin American countries to dissuade them of becoming the replacement for Europe’s banned agricultural exports to Russia.
  • EU officials have stated goals of "seeking...a united international front on Ukraine" and to talk to countries that would potentially replace EU exports "to indicate that we would expect them not to profit unfairly from the current situation."
  • Russia has already been courting Latin America for alternative supplies. Brazil has authorized about 90 new meat plants to immediately start exporting chicken, beef and pork to Russia, while Chile is expected to be the replacement for Russia’s embargo on European fish.
  • ETFs: EWZ, RSX, ECH, RUSL, RSXJ, ERUS, RUSS, EU, RBL, BRAQ, BRZU, GUR, BZQ, ESR, UBR, BRZS, DBBR, RUDR, FBZ
Comments (7)
  • Andrey Udovitskiy
    , contributor
    Comments (19) | Send Message
     
    Oh look who's talking now - "unfair profits". Rest in peace WTO.
    12 Aug, 05:06 AM Reply Like
  • bob213
    , contributor
    Comments (35) | Send Message
     
    You have to wonder at the common sense of politicians.

     

    What would possess anyone think that Russia would not retaliate with tit-for-tat sanctions.

     

    Its like a child in the playground being idignant that the kid that he hit hit him back.

     

    Irrespective of which side of the Ukraine debate you support sanctions can only end in more sanctions in a continuing spiral. In this case that spiral will, no doubt, shift a significant amount of wealth from the west to Brics and may well help to greatly strengthen Brics in the medium term.
    12 Aug, 05:48 AM Reply Like
  • Chubby Lipshitz
    , contributor
    Comments (292) | Send Message
     
    Typical two faced attitude from Brazil and Chile, withdraw their ambassadors from Israel because it defends itself against terrorists, yet trade with Russia who invaded Georgia, took the Crimea by force, and seeks to destabilize much of eastern Ukraine. They just lost their supposed moral high ground.
    12 Aug, 07:17 AM Reply Like
  • Jimmijet
    , contributor
    Comment (1) | Send Message
     
    Wrong, the thug in Georgia started the conflict because he was stupid enough to think America would go to war over his state. The people in Crimea actually voted, who voted for the thugs in Kiev?
    13 Aug, 12:49 PM Reply Like
  • kmi
    , contributor
    Comments (3994) | Send Message
     
    Europe will break under the lost trade before Russia which is simply switching trading partners and will continue busiess as usual.
    12 Aug, 10:36 AM Reply Like
  • 11146471
    , contributor
    Comments (532) | Send Message
     
    We were warning about stupid politics, months ago. The only victim here is our money and our investments.

     

    I don't see Russia loosing anything in this fool's game...
    12 Aug, 11:32 AM Reply Like
  • jrhc
    , contributor
    Comments (427) | Send Message
     
    Of course, the BRIC plus Chile, Argentina and many other countries have nothing to do with sanctions against Russia. NATO interference in the border of Russia is something indignant and was the direct cause of all the mess in Ukraine. It's the same kind of foolishness decided by the Americans in the Middle East.
    12 Aug, 02:17 PM Reply Like
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