Excellent breakdown of all the players! Ultimately Russia is the big winner. 😉
Below is the new breaking info, to supplement the comprehensive info, analysis and predictions I provided in Predictions: Russia Hits West With Return Sanctions.
Russia finalized the list of products and countries banned for import into Russia.
I warned many times that the attempts by the EU to impose sanctions on Russia will backfire on the EU, and will be a long-term positive for Russia. My predictions are playing out now.
Canada, US, Australia, UK foods/agriculture/raw material imports are banned.
There is a full ban on agricultural/food products from all EU countries and Norway. The ban includes meats, fish, milk products, fruits and vegetables – in short, just about everything. Russia is a huge market for the EU. Annual agriculture/food imports from the EU to Russia total 12bln euros. Total trade between Russia and EU is about $500bln per annum. By contrast, Russia’s trade with the US is only…
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