Twisted effects of Russia sanctions

EPA/YURI KOCHETKOV

Prices on meat in Russia rose due to Western embargo.

Twisted effects of Russia sanctions


The Russian economy has been suffering from the effects of Western economic sanctions and oil prices, the backbone of the country's economy, which are currently hovering around 11-year lows.

In Russia, the national currency, the rouble, has fallen about 20 % against the dollar this year, on top of a 40 % slide in 2014, pushing up the price for imported goods. A Russian ban on Western food imports, imposed in retaliation for U.S. and European economic sanctions, has further hurt supply, pushin...


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