Shifting from the EU to Russia and the Faeroes, Russia’s embargo trade barriers changed export and import winners and losers for cheese and salmon.
The Smell Test That Some EU Cheese Makers Failed
Just like tariffs and other trade barriers, the Russian embargo of EU cheese helped Russian cheese makers as increases in supply and demand raised prices.
The Reason There Are Fewer Russian McDonald’s
Embargoing goods from countries that imposed sanctions, Russia included McDonald’s and ignored the benefits of David Ricardo’s comparative advantage.
Impact of the Russian Trade Embargo on Ikea's Swedish Meatballs
Supply and demand explain the impact of the Russian embargo on goods in Russia and on the countries that export items to them like poultry and fish.