Ukrainian President Volodymyr Zelensky wants the world to boycott Russian goods. And he’s asked that countries suspend Russia’s participation in the World Trade Organization (WTO), which would make it far more difficult for Russian goods and services to compete in the global marketplace.
Russia has responded to Ukraine’s call for its ouster by arguing that WTO members “should refrain from discussing in the WTO … issues and events, which are out of the scope of the WTO”, and arguing that WTO rules do not permit its suspension.
This may become the newest front in the world’s unprecedented economic response to Russia’s invasion of Ukraine.… Seguir leyendo »
When the Kremlin announced a ban this month on food imports from the United States and the European Union, Russian social networks exploded with jokes about the empty store shelves in the Soviet Union. But the shelves won’t be empty; they’ll simply be stocked with mostly basic and bland items, a reflection of government policies that are pulling the country back to the past and highlighting its inner tensions.
Western sanctions and Russian countersanctions have laid bare the interdependent connections between President Vladimir Putin, his oligarch courtiers and his supporters among the broader population. He will use his control over oligarch wealth to alleviate the difficulties sanctions will bring to his followers, while his critics and those Russians who are not part of his base will likely face tough times.… Seguir leyendo »
Russians are about to lose access to virtually all food imported from the West — which is to say, a significant portion of the food that Russians consume. President Vladimir Putin ordered the ban on imports to retaliate against Western countries that imposed economic sanctions against Russia after the downing of Malaysia Airlines Flight 17 over eastern Ukraine. More than anything that has happened this year — more than the annexation of Crimea, more than the latest crop of repressive laws passed by the parliament and more than the West’s sanctions — the food ban marks a turning point for Russia.… Seguir leyendo »
It’s a rainy afternoon in Moscow, and I’ve just had to placate a sobbing child who doesn’t understand why his beloved Džiugas cheese has disappeared from the supermarket. Now, as far as the suffering of civilians in east Ukraine goes, my toddler troubles are so laughably minute that it is embarrassing to talk about them. Yet these troubles are also a useful reminder that the continuing stand-off between the west and Russia over who gets to influence Ukraine will not have a merely abstract effect.
Since the Kremlin announced wide-reaching food import bans in retaliation against a third tier of western sanctions, Russian bloggers have been in uproar.… Seguir leyendo »
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