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Intereconomics

, Volume 50, Issue 4, pp 227–233 | Cite as

The Rouble Crisis and Russian Wheat Export Controls

  • Linde GötzEmail author
  • Ulrich Koester
  • Thomas Glauben
  • Rudolf Bulavin
Export Restrictions

Abstract

The Russian government implemented a wheat export tax in February 2015 to reduce food inflationary pressures resulting from the rouble’s dramatic devaluation. This article discusses the causes of the rouble’s instability and volatility, and the effects of the export controls on domestic wheat and bread prices. Although such export taxes are appealing to governments due to their low financial costs, we show that their economic costs are substantial in the long run. We suggest desisting from such trade-oriented measures and instead helping consumers adapt to high food prices.

Keywords

Trade Cost Food Price Export Price Domestic Price Russian Government 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© ZBW and Springer-Verlag Berlin Heidelberg 2015

Authors and Affiliations

  • Linde Götz
    • 1
    Email author
  • Ulrich Koester
    • 1
    • 2
  • Thomas Glauben
    • 1
  • Rudolf Bulavin
    • 3
  1. 1.Development in Transition Economies (IAMO)Leibniz Institute of AgriculturalHalle (Saale)Germany
  2. 2.Department of Agricultural EconomicsCAU University of KielBerlinGermany
  3. 3.Informational and Analytical DepartmentRussian Grain UnionMoscowRussia

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