Tuesday, August 26, 2014

Is US agriculture hurt by the sanctions Vlad imposed on US food exports to Russia? It really is a game of chicken.

Here is an estimate of how much in lost food exports various countries will suffer as a result of the counter- Russian trades sanctions against the US and the EU.

According to this source, the US will lose about $688 million in sales.  Of this amount, about 44% is in the form of chicken(s):
For the United States, the loss of the Russian food export market is less important. Last year, the United States exported 267,000 metric tons of chicken to Russia, worth $303 million, according to the U.S. National Chicken Council and USA Poultry & Egg Export Council. According to Gwen Sparks, a spokeswoman at the U.S. Department of Agriculture, exports of agricultural products to Russia in 2013 were valued at $1.3 billion, less than 1 percent of total U.S. agricultural exports.--Washington Post
Less than 1% of total exports. Sanctions, Smank-tions.  Is that all you got, Vlad?
Infographic: The Countries Hardest Hit By Russia's Trade Ban | Statista
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