Tag: market

Tim Worstall doubles down again! Even before the true effects of the sanctions are felt. I know you hate to admit it Tim but it is simple math. The EU suppliers were making money off Russia and now they are not. Tell any business owner that he is better off losing one of his best customers and I’m relatively sure he will show you the door. zit’s huge loss for the EU. I’ve taken the time to get some numbers to educate you on just the first year losses. Here ya go. List of some of the banned US food.Kale: According to the United Nation’s commodity trade database, the US exported to Russia in 2013 about 338,266 pounds of cabbage, cauliflower, kohlrabi and kale, both fresh and chilled, worth about $93,894. Whiskey: Russia bought $85 million worth of various whiskeys from the US in 2013, per the UN’s commodity trade database. “It is well known that Russians like to drink alcohol,” the US Department of Agriculture noted in a report released last year. Kentucky bourbon and Tennessee whiskey are increasingly popular in Russia, according to the report. Russia’s consumer protection agency recently announced that it was investigating Kentucky Gentleman bourbon due to fears that it contains chemicals that could produce infertility and cause cancer, and was already proceeding with plans to ban that specific brand in the country. (A spokesperson for the Sazerac Company said they had not been contacted by Russia’s Rospotrebnadzor, and had no comment at this time.)