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   From: puela@nyet.ca   
      
   The Canadian Press - Saturday, January 3, 2015   
      
      
   Canadian businesses stung by Russian sanctions unsure of what 2015 holds   
      
      
   OTTAWA - Canadian exporters stung by Russia's currency crisis and its   
   retaliatory sanctions against the West over the crisis in Ukraine are wondering   
   what this year will hold.   
      
   Companies from farm-equipment manufacturers to pork producers spent much of   
   last year adjusting to the economic instability in Russia.   
      
   The Russian market bought 563-million dollars worth of Canada's agricultural   
   exports in 2012.   
      
   For some firms, the first half of 2014 had the hallmark of a banner year -- and   
   then sales dried up.   
      
   A senior executive for one of Canada's biggest exporters to Russia says his   
   company did about 250 million dollars in annual business.   
      
   Richard Davies, a vice-president at pork and poultry processor Olymel, says the   
   fallout from the Ukraine crisis has had a significant effect.   
      
   Russia has slapped a ban on a wide range of food products from western   
   countries.   
      
   Davies says pork producers have redirected some of their products into existing   
   markets, but that has driven down prices.   
   ______________________________________   
      
   Related Stories   
      
        Canadian exporters to Russia assess fallout of currency crisis, sanctions   
        Canada slaps oil-sector sanctions, new travel restrictions on Russia over   
   Ukraine   
      
   Read more:   
   http://www.ctvnews.ca/business/canadian-businesses-stung-by-russ   
   an-sanctions-unsure-of-what-2015-holds-1.2170971#ixzz3NnWZi4A6   
      
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