Russian import ban to have limited effect on Western food firms

MOSCOW/LONDON (Reuters) - Western multinationals like Nestle, Unilever and McDonalds will feel only a limited effect from Russia's ban on certain food imports from Europe and the United States, since they largely produce domestically.

In retaliation for sanctions related to the crisis in Ukraine, Prime Minister Dmitry Medvedev said on Thursday Russia would ban fruit, vegetable, meat, fish, milk and dairy imports from the United States, the European Union, Australia, Canada and Norway for one year starting immediately.