Russia Rules in Poland

Made in Russia

Made in Russia

A surprising effect of the Russian embargo is that Poland has never before imported so much food from Russia. After Russia imposed an embargo on various products from the West, including Polish food, export to Russia last year plummeted by almost 30% to a record low level of €880m. However, Poland spent €160.6m importing food from Russia, which is almost 79% more than in 2013, according to the Ministry of Agriculture and Rural Development. Never before has Poland seen such a boom in Russian agri-food products. “This is the effect of the depreciation of the rouble,” explains Zbigniew Ekiert from the Trade and Investment Promotion Section of the Embassy of the Republic of Poland in Moscow. He continues, “last year the value of the rouble against the euro and dollar plummeted by almost 50%, which means that Russian products have become twice as cheap for foreign customers. Polish businesses have noticed this opportunity, and prefer to buy on the Russian market.” According to Ekiert this can be observed most clearly in the Kaliningrad Oblast. Today, it is less profitable for Russians to go to Poland to go shopping, but Poles, on the other hand, are buying food as well electronics on the Russian side.
tvn24bis.pl

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