: :inin Kyiv (EET)

As Russian food prices spike higher, some winners emerge

First came President Vladimir Putin’s sanctions on U.S. and European Union food products in 2014, a response to international sanctions over Russia’s role in the Ukraine crisis.

[…] as part of a farmers’ cooperative selling high-end organic dairy products to moneyed Muscovites, Druganina employs 18 people and keeps more than 450 cows, sheep, goats and even buffaloes.

Local food producers like Druganina are the most visible beneficiaries of the Russian government’s policy of import substitution, aiming to replace costlier imported goods with home-grown alternatives.

McDonald’s is “definitely benefiting” from having a Russia-based production network for many of its products, says Moscow-based analyst Vladimir …read more

Source: San Francisco Chronicle

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