US, Russia begin economic warfare - KPTV - FOX 12

US, Russia begin economic warfare

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Chicken is one of the few items the U.S. sells to Russia in bulk. (Source: FOX) Chicken is one of the few items the U.S. sells to Russia in bulk. (Source: FOX)

MIAMI (FOX) - President Barack Obama denies there is a new Cold War with Russia.

But there is an emerging economic war with sanctions and reprisals over Moscow's involvement in Ukraine.

The latest volley involves a ban on American food products.

When Russia decided to ban a range of food imports from the U.S. and Europe it came as little surprise American chicken was on the list.

In 2002 Russia banned the import of U.S. chicken when it was upset over American steel tariffs. Angry at American support for Georgia six years later, they banned U.S. chicken. Now, in tit for tat sanctions with the West over the war in Ukraine, Russia has once again banned American chicken.

Chicken is one of the few items the U.S. sells to Russia in bulk. Despite the likelihood of a spike in inflation, many Russians said they are proud of the move.

"Of course we should be thinking of developing our domestic products. We shouldn't be relying on anybody else," said Vladimir Muraviev, a Russian customer.

Neither Russia's ban on food imports or the more extensive U.S. and European sanctions that target Russia's banking and oil sectors have so far managed to influence behavior on either side. Russia continues to supply the rebels in eastern Ukraine with heavy weaponry.

The fighting around the crash site of the Malaysian airliner that was shot down over Ukraine in June with almost 300 people on board has gotten so intense investigators have had to stop searching for bodies. And with 20,000 troops now massed on the border, there are fears Russia could invade Ukraine under the guise of a humanitarian mission.

"Russia has a track record of abusing the term peacekeeping as a cover for unlawful military intervention and occupation. Given its unlawful attempted annexation of Crimea, which I mentioned earlier, it is deeply troubling to hear any discussion of Russian peacekeepers being sent to Ukrainian territory," said White House Press Secretary Josh Earnest.

Russian officials dismiss any talk of an invasion as a "soap bubble," but they are threatening even more sanctions, including closing the airspace over Siberia to Western airlines.

Such a move could make flights between Asia and the West longer and more expensive.

Copyright 2014 FOX. All rights reserved.

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