Russia may extend counter-sanctions until late 2017

Russian Prime Minister Dmitry Medvedev has ordered to draft proposals to extend Moscow's food embargo until the end of 2017.

"I assigned to prepare a proposal to extend counter-sanction measures not for one year, but until the end of 2017. A petition to the President will be prepared", Reuters cited him as saying.

The extension of the ban would allow Russian agricultural producers to make long-terms investments, he added.