In 2015, export supplies of food stuffs to Russia from the countries subject to embargo decreased by 66% compared to 2013. However, the negative effect on the economy of these countries was limited. Total export of food stuffs in monetary terms fell barely by 7% and it was redirected to other...

In 2017, there is a chance for Russia to become a net exporter of food. In order to obtain a positive balance, it is necessary to use competitive advantages of domestic producers: increase exports of traditional type of products (grains, vegetable oil), get to international market with new types...

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...