Asia Studios Massage

Russian ruble in free fall

jalimon

Well-known member
Jan 10, 2016
6,765
6,518
113
Russia just said they are suspending all food exports until the fall.
With Russia and Ukraine not exporting, there will be big shortages this year.

Russia has banned exports of wheat, meslin, rye, barley and corn to the Eurasian Economic Union (EEU) until 31 August, the Russian economy ministry said.
Which will hurt Russia more then anything. I mean yes we'll pay food even higher then we currently do but realistically maybe it will make average american eat less?
 

mandrill

Well-known member
Aug 23, 2001
76,860
89,447
113
Which will hurt Russia more then anything. I mean yes we'll pay food even higher then we currently do but realistically maybe it will make average american eat less?
I doubt that North America imports Russian food.

Apparently, Russia also exports large amounts of fertilizer however.
 

Frankfooter

dangling member
Apr 10, 2015
91,806
22,230
113
I doubt that North America imports Russian food.

Apparently, Russia also exports large amounts of fertilizer however.
Most of the EU and quite a bit of Africa buy Ukrainian and Russian wheat.
Russia is #1 in the world for wheat exports, Ukraine is #5

Together they make up 25% of wheat exports globally.
I think that's going to be harder to replace than oil.
 
  • Like
Reactions: mandrill
Toronto Escorts