Fascinating, absolutely fascinating perspective of a major food producer re: effect of ban on western food imports (in Russian) svoboda.org/content/article/26752309.html, from which, among other things, it emerges that Russian authorities look the other way as Belorussian suppliers (the major beneficiaries) repackage western goods for transport into Russia, in effect a redistribution of wealth at the expense of Russian producers and consumers to the tune of $6B+ per year. According to this executive, ALL his major domestic agribusiness competitors have been bankrupted by the rising prices due to this disruption, rising oil prices, inflation and rising salaries, and it will take two years to reform the supply chain with Chinese and other suppliers.
Posted on: Sat, 20 Dec 2014 14:46:00 +0000