• Named the size of the losses each of the Russian food embargo

  • If the food embargo in Russia did not work, the cost of a set of sanctioned goods would be lower by about three percent, and set nesanktsionnymi products would be cheaper by 2.9 per cent. On average, every Russian has lost 4.4 thousand rubles per year. To such conclusion experts of the Ranepa as a result of the evaluation of the loss of consumers from the introduction of Russia's counter-sanctions in 2014. The study is in the possession "of the Tape.ru".

    The increase in annual inflation in the imposition of sanctions amounted to an average of 3.1 percentage points, estimated by experts. The study also noted that the impact on annual inflation was uneven in time: stronger — in the first six months to a year, after which it began to decline, and consumers switched to cheaper products of lower quality.


    "The embargo benefits the producers only in the short term, in the long-term effect of the embargo on the performance of the market is reduced", — said specialists of the impact of sanctions on the business.

    Russia imposed an embargo on the import of a whole list of products from EU countries, USA, Canada, Australia, Norway and many other countries in response to their economic sanctions in August 2014. Restrictions apply until 31 December 2017 and can be extended.


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