Moscow's sweeping ban on food imports is meant as a slap in the face to Western powers for imposing sanctions on Moscow over Ukraine. But the ban is also causing food prices to rise in Russia, which is a major importer of food and has few immediate supply alternatives.
Here are four things to know about Moscow's food war and its impact.
Amid deteriorating relations with the West, Russian President Vladimir Putin is looking to diversify a Russian economy that is tightly linked to European markets. Fittingly, an old Soviet-era satellite state seems eager to lend a helping hand.
Vladimir Putin’s administration in Russia intends to cover the burgeoning costs of annexing Crimea by raiding taxpayers’ pension contributions, raising utility rates, and canceling major infrastructure-development projects and reallocating funds.
State Capitalism is weighing down the Russian economy, and there is not much Russian President Vladimir Putin can do to prop up the system, a leading Western expert contends. The trend raises questions about Putin’s ability to maintain his Kung-fu grip on power.