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The Rouble Crisis and Russian Wheat Export Controls

Author

Listed:
  • Linde Götz
  • Ulrich Koester
  • Thomas Glauben
  • Rudolf Bulavin

Abstract

The Russian government implemented a wheat export tax in February 2015 to reduce food inflationary pressures resulting from the rouble’s dramatic devaluation. This article discusses the causes of the rouble’s instability and volatility, and the effects of the export controls on domestic wheat and bread prices. Although such export taxes are appealing to governments due to their low financial costs, we show that their economic costs are substantial in the long run. We suggest desisting from such trade-oriented measures and instead helping consumers adapt to high food prices. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2015

Suggested Citation

  • Linde Götz & Ulrich Koester & Thomas Glauben & Rudolf Bulavin, 2015. "The Rouble Crisis and Russian Wheat Export Controls," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 50(4), pages 227-233, July.
    • Handle: RePEc:spr:intere:v:50:y:2015:i:4:p:227-233
    DOI: 10.1007/s10272-015-0547-x
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    Cited by:

    1. Götz, Linde & Djuric, Ivan & Nivievskyi, Oleg, 2016. "Regional wheat price effects of extreme weather events and wheat export controls in Russia and Ukraine [Regionale Weizenpreiseffekte von Wetterextremen und Weizenexportkontrollen in Russland und de," IAMO Discussion Papers 154, Leibniz Institute of Agricultural Development in Transition Economies (IAMO).
    2. Svanidze, Miranda & Götz, Linde, 2019. "Determinants of spatial market efficiency of grain markets in Russia," Food Policy, Elsevier, vol. 89(C).
    3. repec:zbw:iamodp:235157 is not listed on IDEAS
    4. Svanidze, Miranda, 2020. "Spatial market efficiency of grain markets in the post-Soviet countries and implications for global food security," Studies on the Agricultural and Food Sector in Transition Economies 310043, Institute of Agricultural Development in Transition Economies (IAMO).
    5. Svanidze, Miranda, 2020. "Spatial market efficiency of grain markets in the post-Soviet countries and implications for global food security," Studies on the Agricultural and Food Sector in Transition Economies, Leibniz Institute of Agricultural Development in Transition Economies (IAMO), volume 96, number 96.
    6. repec:zbw:iamost:310043 is not listed on IDEAS
    7. Ostapchuk, Igor & Gagalyuk, Taras & Epshtein, David & Dibirov, Abusupyan, 2021. "What drives the acquisition behavior of agroholdings? Performance analysis of agricultural acquisition targets in Northwest Russia and Ukraine," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 24(4), February.
    8. Ahmed, Osama, 2021. "Assessing the current situation of the world wheat market leadership: Using the semi-parametric approach," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 9(2).
    9. Ostapchuk, Igor & Gagalyuk, Taras & Epshtein, David & Dibirov, Abusupyan, 2021. "What drives the acquisition behavior of agroholdings? Performance analysis of agricultural acquisition targets in Northwest Russia and Ukraine," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 24(4), pages 593-613.

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