How Russia’s Food Bans Affect World Economies
He’s cheesed off. Vladimir Putin’s army may be formidable, but the shirtless wonder really flexes his muscles with economic sanctions, like seizing 470 tons of Parisian cheese last year to make a point about Europe’s political maneuvering. Such actions appear petty but can cripple economies. The stakes are especially high for Turkey and Ukraine, who have political beefs with Moscow but rely on its energy and tourism. And the Kremlin’s posturing is biting Russians — who give Putin high approval ratings nonetheless — with soaring prices at home.