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This timely report examines all aspects of Russia’s move in early August 2014 to impose an embargo on imports of a wide variety of agri-food products from major western suppliers, notably the EU. It reviews what is at stake for both Russia and the EU, assessing whether, or to what extent, Europe can cope without its Russian exports, or whether Russia can get by without European agri-food products. As well as the immediate market implications, the report also takes a close look at the longer-term agri-political fall-out from the EU-Russian stand-off, and considers how Russia’s virtual full-stop on European imports is likely to affect the global geopolitics of food.

Table Of Contents

Russia’s food import ban and the implications for the global food economy
Executive Summary 4
Introduction 6
1: Russia and the European food market 12
2: The likely impact of the embargo on the European Union food industry 23
3: Impact of the ban on Russian production and trade 34
4: Impact of Russian embargo on non-EU countries 44
5: The Russian embargo and global agri-politics 51
6: Implications for the global food system of the Russian embargo 57

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