Thursday, October 25, 2007

A new President was recently elected in Poland, what does have to do with Russia and its trade with the EU? Well, the meat of the situation is actually a situation about meat. It seems for a while now Russia has banned Polish meat that for some reason is good enough for the EU but not for the Russian consumer. Poland has retaliated by using its veto power to poison negotiations opening European markets to many Russian products such as finished steel. This is coupled with the fact that on Russia’s end they could use all the imported meat they can get their hands on to help lower food prices, well some progress might be approaching. If so, it could be reasonably good news for Russian industry.

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