TURKISH LESSONS: EMBARGO-RELATED RISKS

Vasily Uzun

Russian Economic Development, 2016, issue 2, 66-69

Abstract: Russia’s embargo on food imports from Turkey will trim Turkey’s exports to Russia by some $1bn, nearly 60% of Turkey’s total agri-food exports to Russia. Produce exports will be hit hardest. The embargo may have a severe impact on Russia’s tomato, grape and tangerine markets. Turkish supplies accounted for 34–50% of Russia’s imports of these products. Turkish supplies represented 11% of Russia’s yearly average consumption of tomatoes. The share was reportedly much bigger at various months.

Keywords: Agricultural policy; Russian Economy (search for similar items in EconPapers)
JEL-codes: Q (search for similar items in EconPapers)
Date: 2016
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