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EU food exports to Russia last year were worth €11.8 billion while US food exports to Russia were worth €972 million. Maxim Zmeyev / Reuters

The European Union is identifying alternative markets and analysing the fallout from Russia's one-year ban. Maxim Zmeyev / Reuters

Regulators are confident the European Union farm sector can quickly find new markets for exports to Russia worth around €11 billion, roughly 10 per cent of all EU agricultural sales outside the bloc. Maxim Zmeyev / Reuters

US food exports to Russia in 2013 were worth €972 million. Danny Johnston / AP Photo

Fruits for sale are displayed at a grocery store in Moscow. EU fruit exports to Russia in 2013 were valued at €1.03 billion. Maxim Zmeyev / Reuters

Imported food is displayed for sale at a grocery store in Moscow. Maxim Zmeyev / Reuters

Seafood on sale at a Metro Cash and Carry store in Moscow. Russian authorities say they are confident the supermarket shelves will not be left empty – they are searching for alternative suppliers in South America, Turkey and China. Maxim Shemetov / Reuters

A woman shops for imported bottles of olive oil at a Metro Cash and Carry store in Moscow. Maxim Shemetov / Reuters

Business

In pictures: European Union counts costs of Russian food embargo

Liz Claus

August 12, 2014

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European Union regulators have began a product-by-product impact analysis of a Russian ban on EU food imports in retaliation for sanctions over Moscow’s actions in Ukraine.

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