Belarus Hopes To Cash In On Russian Sanctions

Aug 19, 2014 14:12


Originally published at Belarus Digest. Please leave any comments there.

Earlier this month, Russia introduced a full embargo on imports of meat, fish, dairy, fruit and vegetables from the European Union (EU), United States, Australia, Canada and Norway.

Moscow sought to retaliate for the sanctions imposed by the West following the downing of the Malaysian Airlines flight over Eastern Ukraine in July. The food ban went into effect immediately.

Belarus, itself no stranger to Western sanctions, took the news in stride, promising to increase Belarusian food exports to Russia.

Whether the food embargo indeed holds substantial economic opportunities for Belarus, however, is not clear, especially if Russia will be able to fully monitor Belarus’ exports and re-exports. Russia has already accused Belarus of lacking capacity to monitor exports, reportedly identifying 11 violations at the Russian-Belarusian border last week.
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european union, politics, volha charnysh, sanctions, belarusian economy

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