With one of Russia’s most respected economic experts forecasting a “full-blown crisis” next year and pensioners rushing to buy stocks of porridge the government has announced plans to curb cereal exports to prevent a bread shortage.
“We need to have minimum reserves that ensure Russia’s food security. In this context I think it is time to reflect on administrative restrictions on exports,” Dmitry Medvedev, the prime minister, told his cabinet.
The Russian economy has been crippled by western sanctions and a currency crisis triggered by the falling price of oil — its most important export. Russia responded to the sanctions by
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