Russian counter-sanctions will trigger growth of grey trade – Groser

Trade Minister  Tim Groser says Russia’s counter-sanctions against the import of food from its major trading partners will spur the growth of the grey trade into that country.

Mr Groser says he believes it may be months away before a resolution to the Ukrainian conflict is reached; a conflict he describes as “the most dangerous security situation on the European continent for decades.” 

Until then, he says, the “delicate situation” is being viewed by government through a foreign policy perspective, not a trading perspective. 

 

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