TODAY: Putin’s import ban anticipated to hurt Russian economy, prices to rise, restaurant market to be hit; U.S. poultry, nut, and soy bean markets to suffer; racist Moscow projection marks Obama’s birthday; United Airlines concerned over airspace ban; Nato calls for Russia to withdraw from Ukraine border.

President Vladimir Putin’s ban on $9 billion worth of food imports from the West (listed in detail by Reuters here, and in Russian here) will not affect his current record levels of popular support, analysts say – negative reactions are ‘limited to an exclusive and politically conscious audience’ that is already critical of the government.  But the ban is widely anticipated to hit Russian consumers hard with higher prices and accelerated inflation, and will pose challenges to the restaurant market as ‘about 50% of ingredients are imported’.  The Independent says the Kremlin is ‘not acting rationally’.  But Russia’s E.U. Ambassador Vladimir Chizhov defended the import ban, arguing that it is based on the same logic used by Europe in attempting to diversify its energy supplies away from the Russian market.  90 new meat plants in Brazil have already been approved to export beef, chicken, and pork to Russia.  This New Republic piece argues that the likely outcome of Putin’s import ban will not look totally unlike the fallen Soviet Union that brought him to rule.