Thursday, 14 August 2014

Cheese-Loving Russians Turn to Emmental as Swiss Dodge Embargo - Bloomberg

Cheese-Loving Russians Turn to Emmental as Swiss Dodge Embargo - Bloomberg:



"At Intercheese AG’s headquarters in Switzerland, the phone barely stops ringing these days. A Russian voice is usually at the other end.



Since Aug. 7, when Vladimir Putin’s government banned many food imports from nations supporting sanctions due to the country’s role in the Ukraine crisis, at least 14 Russian importers have contacted Intercheese. The reason for the surge in business: Switzerland hasn’t joined the European Union, the U.S., Canada, Australia and Norway in penalizing Russia.



“Russian importers are looking for the cheeses they can’t get from the Europeans anymore -- Mozzarella, Gouda and Edam,” said Daniel Daetwyler, managing director at closely held Intercheese. The Beromuenster-based company sold as much as 20 tons of cheese to Russia in 2013 and will increase sales to the country of the varieties most affected by the EU embargo, even though it won’t be able to meet the demand, Daetwyler said."



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