date:Aug 08, 2014
ecision (on food import bans) will be quite substantial, Alekseenko said. The same of course refers to the European Union, he added.
Apart from boosting local production and expanding cooperation from sanction-resilient countries, Putin's decision may well become a self-made sanction on the population, Dmitry Polevoy, ING chief economist in Russia CIS, said in a note.
Even though from political point of view the move may look appropriate, and it will indeed hit countries supplying food to Rus