Russia’s Short March to Food Security | WHAT REALLY HAPPENED

Russia’s Short March to Food Security

America used to be self-sufficient in food. It isn't any more. In event of a war with Russia and China,Americans will starve.

When I wrote my China’s long march to total food security NEO article last month, I had intended to dovetail it with Russia’s accomplishment of being more self-dependent on feeding its people. What they both shared was having to deal with US sanctions before they reached their goal.

Russia was hit with everything but the kitchen sink, with diplomatic sanctions initially and quickly moving into defense, energy and the financial arena, limiting access to foreign investment and attractive interest rate loans. Exxon Oil had to withdraw from some major Russian partnership deals, suffering big losses.

Later came the food sanctions, cutting off the growing imports from a Russia that had been spending some of its $110 billion energy trade surplus with the EU by enjoying its food delicacies. The initial combined sanctions created unpredictable foreign exchange rates, which triggered a big drop in the ruble, inflation increased, and imports declined.