Global Energy Center Nonresident Senior Fellow Ariel Cohen writes for the Wall Street Journal on the potential transformation of Russian agriculture into an international industry:
Russia could be a food superpower, given its vast soil and water resources. It still may become one, but the question is whether the food will be Western or Chinese.
Since the beginning of the Ukrainian conflict, the Russian economy has been experiencing the negative effects of international sanctions and Russian counter-sanctions, including Moscow’s ban on the import of some Western foods, including cheeses, meats and wine.
The effect on Russian agriculture has been deleterious, as the “import-substitution,” promised by the Kremlin, failed to materialize. Herein lie great opportunities for US and other international agricultural and food companies.