(Bloomberg) -- Russians are consuming imported food at nearly historical lows after the country banned certain imports in retaliation to Western sanctions, according to rating company ACRA. Imports now account for 22 percent of food sales in value terms, down from 34 percent in the beginning of 2014, ACRA said in a report. The ban benefited local agriculture -- its share in total economic output jumped to 4.4 percent, the highest since 2003.
--With assistance from Paul Abelsky To contact the reporter on this story: Anna Andrianova in Moscow at aandrianova@bloomberg.net. To contact the editors responsible for this story: Balazs Penz at bpenz@bloomberg.net, Zoe Schneeweiss
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
