IDEAS home Printed from
   My bibliography  Save this article

The impact of the embargo and sanctions on the agri-food markets in Russia: Analysis of consequences


  • K. Borodin.


The paper examines the impact of the embargo and sanctions on the agri-food markets in Russia. The analysis has shown that markets of milk and beef are experiencing serious problems. One of the main reasons for market volatility is a relatively low share of large enterprises with better adaptability in conditions of the embargo and sanctions and underdeveloped market infrastructure. The method that allows to quantify the consequences of the embargo and sanctions impact for the commodity markets is developed on the basis of a partial equilibrium model. The method has been tested on the meat markets (beef, pork, poultry). The estimates of changes in foreign trade, prices of producers and consumers, the dynamics of production, losses of budget, producers and consumers are provided. The results show that the budget suffers losses in all cases, and the markets with higher dependence on imports under the impact of the embargo and sanctions lose more in the welfare than those with less dependence. Poultry market has shown good stability and welfare under the embargo and sanctions due to high competition, mainly among large enterprises.

Suggested Citation

  • K. Borodin., 2016. "The impact of the embargo and sanctions on the agri-food markets in Russia: Analysis of consequences," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 4.
  • Handle: RePEc:nos:voprec:2016-04-6

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Anna Vladimirovna Stupnikova, 2018. "Spatial Reaction of Prices in the Vegetable Markets to Restrictions on Foreign Trade," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 1, pages 117-137.

    More about this item


    embargo; food imports; sanctions; consequences; meat markets; large enterprises.;
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
    • Q02 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Commodity Market


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nos:voprec:2016-04-6. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sergei Parinov). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.