The food import restrictions published by Russia on Thursday 7th August 2014 also concern Finland and Valio. Russia has announced that its import embargo will be applied to all dairy products from the EU countries for one year as of 7th August 2014.
“Russia's decision is regrettable. The ban will have significant adverse impacts on Valio’s business and lead to operational adaptation in both Finland and Russia,” says Valio CEO Pekka Laaksonen.
“The cessation of exports to Russia for at least a year will in Valio’s case most affect the company’s Haapavesi and Seinäjoki plants,” Mr Laaksonen continued.