Quote:
Originally Posted by GalaKev
That was my thoughts as well about food. All it will do is increase prices within Russia, how is that helping their residents.
It may hit a few companies, but for the west, it may actually lower prices, as more is available.
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It may lower prices but I don't think there is much reason for celebration - atleast in Finland. Finnish companies' food products exports to Russia total about €400 million per year - dairy products, meat, vegetables... Valio Oy (dairy products) announced plans to cut employees from three plants and one logistics center. It will be interesting to hear which companies are next and how many will lose their jobs as result of this.
In grand EU wide scale consequences may not be large but they are distributed evenly.