Russian Food Embargo: Minor Losses in Western Countries

Russian Economic Developments. Moscow, No. 9, pp. 32-37, 2016

6 Pages Posted: 23 Sep 2016 Last revised: 4 Oct 2016

See all articles by Vasily Uzun

Vasily Uzun

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA)

Daria Loginova

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Institute of Applied Economic Research

Date Written: September 22, 2016

Abstract

Most of the countries counter-sanctioned by Russia have seen no decline in food exports, increasing them to other countries to compensate for losses in the Russian market. Only a few countries have experienced a decline in exports due to the Russian food embargo, namely Norway (a total decline of 11.3%, of which the Russian market accounts for 10.1%), Finland (respectively 24.5% and 20.9%), Lithuania (20.7% and 20.6%), Latvia (21.5% and 11.5%), Estonia (22.8% and 12.2%), Poland (4.8% and 4.6%).

Keywords: Russian Economy, Agri Food Complex, Food Embargo, Food Prices

JEL Classification: N50, N51

Suggested Citation

Uzun, Vasily and Loginova, Daria, Russian Food Embargo: Minor Losses in Western Countries (September 22, 2016). Russian Economic Developments. Moscow, No. 9, pp. 32-37, 2016, Available at SSRN: https://ssrn.com/abstract=2842146 or http://dx.doi.org/10.2139/ssrn.2842146

Vasily Uzun

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) ( email )

Vernadskogo Prospect 82
Sredny av. V.O., 57/43
Moscow, St. Petersburg 119571
Russia

Daria Loginova (Contact Author)

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Institute of Applied Economic Research ( email )

Russia

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