Monthly Archives: August 2014

Back to the future in Russia

With the latest developments in Russia and the ban on food imports from the EU, the USA, Canada, Australia and Norway, we have an example of how the Russian economy can be thrown off course by political events. The economy will not develop properly until politicians stop meddling with markets. As far as pork is concerned Russia imports about a quarter of its pigmeat needs and this ban will hit some of the world’s big pork exporters – but it could hurt Russians much more than the exporting countries in the short run and it’s safe to predict the Continue reading