President of Russia Vladimir Putin signed Executive Order On Special Economic Measures to Protect the Russian Federation’s Security.
Under the Executive Order:
“Russian state bodies of power, federal authorities, local self-government bodies, legal entities established in accordance with Russian law, and physical individuals under Russian jurisdiction shall, in carrying out their activities, respect for a duration of one year following this Executive Order’s entry into force a ban or restriction on foreign economic operations involving the import to Russia of particular kinds of agricultural produce, raw materials and foodstuffs originating in countries that have decided to impose economic sanctions on Russian legal entities and/or physical individuals, or have joined such decisions.
The Russian Federation Government has been given instructions accordingly. In particular, the Government has been instructed to take measures to ensure balanced goods markets and prevent accelerating price rises for agricultural products and foodstuffs; to organize together with regional authorities timely monitoring of goods markets; and act together with associations of goods producers, retailers and organisations to take measures to increase supply of domestic goods.”
The Executive Order takes effect upon its signing.
Note: Retaliating for U.S. sanctions over Ukraine, Russia will ban or limit all American agricultural products for up to a year, according to a Kremlin source in Moscow speaking (via Facebook) on the condition of total anonymity.
By some estimates that will hurt the US economy by $1.5 billion dollars or more.
See related video: President Obama announces economic sanctions against Russia https://www.youtube.com/watch?v=iAu1prQkJEU
See related article: President Obama continues to wage war against the Russia economy http://groundreport.com/president-obama-continues-stratagem-to-wage-war-against-the-russia-economy/
See article: Vladimir Putin reacts to the news of additional US economic sanctions against Russia by saying “Really?” http://groundreport.com/vladimir-putin-reacts-to-the-news-of-additional-us-economic-sanctions-against-russia-by-saying-really/