date:Aug 08, 2014
While the impact on international food producers may be muted, Russian shoppers are expected to see the effect of the measures in higher prices.
Makers of packaged goods said they were still assessing the potential damage, but many companies including PepsiCo and Danone have invested heavily in Russia, building local plants, and already source most products locally.
Nestle, for example, has invested $1.6 billion in Russia since 1996 and has 11 plants in the country producing a wide range of pr