Sao Paulo. Russia’s embargo on US and EU food products has opened a window of opportunity for Latin America, which could capitalize on the Ukraine crisis to become a major food supplier to Moscow.
Furious over the sanctions Western countries have imposed on Russia over its support for Ukraine’s separatist rebels, the Kremlin announced on August 7 it was placing a “full embargo” on most food imports from the United States and European Union.
That could enable major Latin American food producers like Brazil, Argentina, Chile and Mexico to get a foothold in the Russian market, analysts told AFP.
But challenges abound, including …read more
Source: The Jakarta Globe
