Tuesday, October 29, 2013

Chocolate Factory, Trade War Victim - NYTimes.com

Chocolate Factory, Trade War Victim - NYTimes.com:

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Joseph Sywenkyj for The New York Times
Inspecting chocolate-covered hazelnuts at the Roshen factory in Kiev, Ukraine. The sweets are banned in Russia.
From the Baltic to the Black Sea, a chocolate wall has descended across the continent of Europe.

The output of the sprawling brick factory, formerly known as the Karl Marx chocolate works, has never before been so hard to sell in Russia. Since July, when Russian regulators banned all chocolate, cake, cookie and candy imports from its Ukrainian parent company, Roshen, ostensibly over health concerns, production at the plant here has plummeted 14 percent.

“It’s not pleasant at all to be in this situation,” Viacheslav Moskalevskyi, the president of Roshen, Ukraine’s largest confectionery company, said in an interview."

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