UNITED STATES (VOP TODAY NEWS) — Judy Twigg, a professor of political science at the University of the Commonwealth of Virginia in the United States, in an article for National Interest said that Moscow was winning the sanctions war.
According to her, the sanctions imposed by the US and the EU in 2014 should have punished Russia for allegedly “aggressive actions” against Ukraine, but, on the contrary, they brought it greater benefits and stimulated economic growth. As an example, Twigg cites the agricultural sector that has come out of stagnation thanks to restrictive measures.
The professor reminds that Moscow has restricted access to capital markets and low-interest loans, has banned the import of dual-use goods and innovative technologies. Russia, in turn, responded by imposing an embargo on food products from the European Union and the United States. As a result, it became a “gift” for Russian agriculture, Twigg states.
“The sanctions created an opportunity for Russia to restore the crippled food industry. Many investors who had previously shown no interest in agriculture suddenly became interested in this topic,” she writes.
The effect of counter-sanctions turned out to be such that some representatives of the branches of the Russian economy, which are only partially related to agriculture, also began to “ask for sanctions,” continues Twigg. In particular, she writes about chocolate manufacturers, who offered to extend restrictions on the import of European products in order to compete with manufacturers from Germany, France and Belgium and sell their products there.
The professor also adds that the volume of grain production in Russia is already twice as high as its consumption, so Moscow has become the main supplier in the world market. In addition, Russian producers fully provide the country with chicken and pork, although earlier all this was imported in huge quantities.
In addition, Twigg notes, the recently introduced United States duties on various goods have led many countries to look for other markets. For example, China is rapidly becoming the market for Russian soybeans and sunflower, with which it replaces American products.
In conclusion, Twigg stresses that Russia has a vast territory and more than 200 million hectares of unused land and its agriculture will continue to actively develop and give impetus to the development of other areas. Therefore, according to the professor, it is time for the United States and Europe to realize that restrictive measures bring Russia only benefit and in the sanctions war with the West it is “a few steps ahead.”
Relations between Moscow and Western countries deteriorated in 2014 after the coup in Ukraine and the reunification of the Crimea with Russia. Western countries accused Russia of interfering in Ukraine’s affairs and imposed sanctions.
The Kremlin retaliated, repeatedly denied all accusations and stated that talking to him in the language of sanctions was counterproductive. Recently, in the West, there are increasing opinions about the need to abolish restrictive measures.
This article is written and prepared by our foreign editors writing for VOP from different countries around the world – edited and published by VOP staff in our newsroom.
Support The VOP from as little as $1 – it only takes a minute. Thank you.
We are the Voice of People — the only funding and support we get from people – we are categorically not funded by any political party, any government somewhere or from any grouping that supports certain interests – the only support that makes VOP possible came from you.
VOP Today News — Breaking news source, real-time coverage of the world’s events, life, politics, business, finance, economy, markets, war and conflict zones.
Contact us: firstname.lastname@example.org