Russian sanctions hit New Zealand’s skin trade
26/01/2015
In a press release, Winston Peters, leader of New Zealand First and a former foreign minister, said the sanctions could have a knock-on effect for the country’s beef industry and appealed for the country to help mend relations.
“Russia is the world’s fifth largest economy so the world needs it fully integrated back into the global economy for the sake of international stability.
“Even our exports of raw hides, skins and leather are suffering because demand for finished leather from Russia is way down.
“What happens in Russia and Europe is interrelated and directly affects us. Banks are going to fund farmers through one bad season but two or more seasons may tip off a crisis we have not seen in a generation.”
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