08.08.2014 - 18:43 [ Zero Hedge ]

First BRICS Bank, Now BRICS Food Bank

Despite President Obama‘s dictating that Russia is increasingly „isolated,“ it appears they have found a whole new set of friends to play with in the global trade sandpit. In retaliation to Western sanctions, Putin yesterday unveiled a total food import ban from all sanctioning nations, and, just as the BRICS created their own ‚IMF-lite‘ away from Washington‘s prying eyes, Russia plans to substitute banned goods with not just domestic supplies but imports from Latin America, China, and several other nations. Agriculture Minister Nikolai Fedorov said „no food shortages are expected,“ but more isolation for the West…