Putin starts sanctions against EU/USA

[WorldBreakerHulk]

Asriel said:

Sharu said:

Wyrdness said:
I don't get this by Putin won't this actually make things worse for Russia?

No. It will hit EU mostly, USA/Australia/Canada a bit. Won't make big problems for Russia.

I can't speak for the entire EU, but exports to Russia accounts for around 0.2% of UK food exports. We'll hardly feel it, but presumably countries like France, Germany and Poland will be hit a little harder. The impact on the US, Australia and Canada will be even less negligible than the impact on the UK.

It might not impact rural Russia, but major urban centres, particularly Moscow and St.Petersburg, will be hit hard. Major urban centres in Russia import more than 60% of their food, and much of this comes from the West. If you restrict that supply very quickly, then food prices will rise because there's less supply to fill demand. 

This is a concerning move by the Kremlin because it shows Putin is becoming even more unpredictable. This will harm Russia more than it harms the West, particularly in the short-term, and it isn't going to do anything the prevent the EU or US from taking sanctions further. If Putin's becoming even less predictable and making moves that harm Russia, what's going to stop him from finally intervening militarily and directly in Ukraine?

This! Russia is importing stuff for a reason. It might be because foods coming from EU are cheaper, has better quality or just plain local producer cannot meet the demand thus Russia importing to fill in those demand.

it will be good business to local producers since the demand will skyrocket but bad to the general public since the supply will plummet.