Russia Number One World Wheat Exporter
One of the comments most often heard by western mainstream economists is that Russia’s economy is too dependent on energy export and not able to be competitive in areas other than simple commodity export. While oil and gas exports remain a vital source of revenue for the State, it is far from the only one. Owing to USA and EU economic sanctions targeting the energy sector of Russia in 2014, in August 2014 the Kremlin retaliated with sanctions on a large range of EU and US food imports.