Sunday, 1 October 2017

Russia's Booming Fish Industry is a Great Lesson in Why Sanctions Don't Work

Russia Insider:

When in 2014 the United States and the European Union slapped sanctions on Russian officials and business entities as punishment for what they called the “annexation” of Crimea and military intervention in the Donbas region of Ukraine, and, when Russia responded with its embargo on food products from those countries and rolled out a generalized policy of “import substitution” to sharply curtail dependency of the domestic economy on external factors of international relations, there were many observers both within Russia and in the West who predicted the failure of the Russian government’s efforts. 



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