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Turkish Lessons: Embargo-Related Risks

Author

Listed:
  • Vasiliy Uzun

    (Gaidar Institute for Economic Policy)

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.

Suggested Citation

  • Vasiliy Uzun, 2016. "Turkish Lessons: Embargo-Related Risks," Russian Economic Development, Gaidar Institute for Economic Policy, issue 2, pages 66-69, February.
    • Handle: RePEc:gai:recdev:689
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    File URL: http://www.iep.ru/files/RePEc/gai/recdev/689Uzun.pdf
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    More about this item

    Keywords

    Agricultural policy; Russian Economy;

    JEL classification:

    • Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics

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