Friends of Putin profit from Russia's food import ban
SEAFOODNEWS.COM [BBC/Moscow Times] August 27, 2014
A group of businessmen with Kremlin connections are emerging as likely beneficiaries of the tit-for-tat sanctions in the escalating dispute between Russia and the West over Ukraine.
Earlier this month, Russia banned all US and EU meat, fish, dairy, fruit and vegetables in retaliation for Western sanctions imposed on Moscow over its involvement in Ukraine. That has sent some local food prices soaring in Russia and opened a gap in many markets.
A fish company co-owned by the son-in-law of a friend of President Vladimir Putin, a meat company with a well-connected founder, and another private meat producer enjoying state support are all seeing a spike in demand...
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