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Food Embargo Profitable for Nearly Half of Russian Businessmen, Study Shows

9 Aug 2019

• 9 Aug 10:27

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A positive effect from Moscow’s embargo on food imports from the West is reported by nearly one in two Russian businessmen, as their enterprises benefit from edging out Western rivals,Izvestiawrites citing research byBusiness Russia. The study reveals that 40% of entrepreneurs see only advantages from the exit of foreign producers from Russia’s market, while the other 60% have described the counter sanctions as negative. Some 2,000 businesspersons in the trade sector were questioned, 30% of whom are doing business in one or two neighboring regions, while only 2% operate across Russia. Since the restrictive measures were introduced in 2014, many. Read more...