Last week I attended a conference titled “Russia’s food market in 2015”; it was the first of a series of panels that took place in occasion of the 24th World Food Exhibition, a well-known event which brought to Moscow more than 1500 firms from over 70 countries.
At the discussion ...
That many in the EU countries don’t support the sanctions’ escalation with Russia should not come as a surprise. Besides their evident lack of effectiveness in changing Russia’s behavior, economic backlashes are convincing people that they might not be the most appropriate instrument, especially under the light of the ...
... businesses, nor have they triggered protests or revolts. This may indicate that Putin opted for the solution that caused the least suffering from his own perspective, implying that he acted with absolute (authoritarian) pragmatism.
Behind the choice of banning food
Food is a replaceable good. Russia imported most of it from Western countries. Food is not linked to Putin’s inner circle’s interests. By bearing in mind these three considerations and by understanding the starting conditions of Russian’s economy, we can put ourselves ...