The Russian economy (catch all)

[OUTLAW 09]

An area which wasn't discussed much in this thread so far is the increasing number of import bans by Russia, with Ukrainian juice being the latest. Such trade restriction on, to put it midly, dubious claims are nothing new but have now reached a considerable width and degree.

Such Russian actions will hit mostly both European producers and Russian consumers. It will put additional pressure on inflation which has risen a good deal, despite the large rate hikes of the RCB. Certainly Russia is walking further along the path towards increasing isolation.

firn--Poland launched today a purchase an apple and support Polish growers campaign and by all signs the Poles are into it---side affect increased apple prices vs what they were getting from Russian exports.

the rest what cannot be purchased by the locals will be recovered via a EU internal price support for lost markets---the same goes for the Baltics hit by the coming bans. The Ukraine is already getting import free duties on anything sold.

So it looks like the Russian consumer will be paying the price of the bans not the EU.

http://khpg.org.ua/en/index.php?id=1406748323