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Boost for Siberian salt mines as Russia bans imports

Staff Writer | November 7, 2016
Imports from Western countries which have imposed sanctions on Russia accounts for around 18% of edible and 64% of technical salt supplies.
Siberian salt
Trade relations   An extension to a food embargo
The ban, which came into effect on November 1, is an extension to a food embargo imposed in August 2014 over the Ukrainian crisis, The Siberian Times reports.

It is now expected that Russian producers will see a boost to their production to make up for the shortfall. The largest salt supplier in Siberia and the Russian Far East is Tiretsky rock salt-mining plant in Irkutsk region.

General director Mikhail Karamushka said the mine is ready to increase production by 20%.

'Now the company produces about 500,000 tons per year, the market is stable enough, and there will be no pitfalls with the embargo,' he said.

The company's current share is around 10% of the Russian market. There are salt reserves of around 600 million tons.

The salt is derived from parched shallow lagoons of an ancient ocean that existed in the Paleozoic era 500 million years ago. Salt is mined at a depth of some 600 metres. The technology allows to preserve the natural purity of the salt.