US lost $5-6bln due to Russia's ban on meat imports from US

US lost $5-6bln due to Russia's ban on meat imports from US

According to the US Ambassador to Moscow, Michael McFaul, Washington has lost $5-6 bln dollars due to this February’s ban by the Russian Federal Service for Veterinary and Phytosanitary Surveillance on imports of US frozen pork and beef, turkey sticks, raw casings and byproducts over the presence of ractopamine stimulant in the meat and meat products in question.

Speaking in an interview with the Kommersant daily on Wednesday, McFaul said it was a major problem for the US, which has lost $5 to 6 bln dollars because of that.

He added that the United States was bending every effort to have the ban lifted.

But he admitted that other US businesses were content with their cooperation with Russia.

He said cooperation was going on even in the humanitarian field, despite the expulsion of USAID and differences on the law on foreign agents. Russia and the US are going ahead with their cultural exchanges, as well as exchanges in delegations of athletes and civil society actors.