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BrownfieldAgNews reports:

Russia is banning imports of ALL U.S. ag products and sanctioning other countries for one year that have imposed sanctions on Russia over the Ukrainian crisis.

Russian President Vladimir Putin signed a decree on Wednesday. According to Reuters, it also bans fruit and vegetable imports from the E.U.

American Farm Bureau President Bob Stallman says it's a clear political move and that Russian consumers will be the biggest losers because they'll be forced to pay more for food.

American Soybean Association President Ray Gaesser says "Russia is a key trading partner for U.S. agriculture," but while important it is "only one of hundreds of our customers worldwide." By limiting Russians' access to American soybeans and other products, Gaesser says President Putin is doing "a great disservice to his Russian countrymen and women."

Russia's move has supported wheat because it could lead to increased U.S. exports to countries that would normally be served by Russia or Ukraine. Ukraine's also a sizeable exporter of corn.

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