Economic Consequences of Russian Embargo on Meat and Meat Products

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Abstract: The present article contains the assessment of scope and cost of import into the Russian Federation of Group 02 goods of Foreign Economic Activity Commodity Nomenclature EEU (further referred to as FEACN) in the embargo context. For the purposes of the assessment, statistical data on external trade of the customs service of Russia has been used. Analysis has shown that Group 02 FEACN EEU commodities are imported with a certain cyclicity. It has been noted that the reduction of the customs duty payment in 2014 as compared to 2013 on commodity item 0201 FEACN amounted to about 23% (5.2 mln US dollars), commodity item 0202 FEACN amounted to 8% (30 mln US dollars), commodity item 0203 FEACN - to 36% (500 mln US dollars), 0207 FEACN - 6% (9 mln US dollars).

WSEAS Transactions on Business and Economics, ISSN / E-ISSN: 1109-9526 / 2224-2899, Volume 15, 2018, Art. #11

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Svetlana Senotrusova, Vladimir Svinukhov, Elena Vavilova, Irina Makarova, Olga Demenko, "Economic Consequences of Russian Embargo on Meat and Meat Products," WSEAS Transactions on Business and Economics, vol. 15, pp. 93-98, 2018, DOI:
Svetlana Senotrusova, Vladimir Svinukhov, Elena Vavilova, Irina Makarova, Olga Demenko. Economic Consequences of Russian Embargo on Meat and Meat Products. WSEAS Transactions on Business and Economics. 2018;15:93-98.
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