In response to the country’s invasion of Ukraine are bars and liquor stores dumping of Russian vodkaand some elected officials are urging everyone Russian products of any kind to rip off store shelves.
But can boycotting Russian brands harm the country? Probably not, economic experts say.
Russia is not one of the closest to America trading partnersaccording to the Office of the US Trade Representative.
In 2019, the United States imported $ 22.3 billion worth of Russian goods, more than half of which were “mineral fuels” such as oil and gas.
Russian vodka is not even among the top importers, it accounts for less than 1% of vodka consumed in the United States, according to CNN.
Really, it’s just there not many Russian brands or products popular in the U.S., the WGHP station reported.
Russia sells about $ 41 million Every year, vodka in the United States comes in a year, told WZZM TV Paul Iseli, a professor of economics at the University of Grand Valley.
“It’s really small compared to the $ 1.7 trillion economy in Russia,” he said.
Abandonment of Russian products may put pressure on businesses and producers, but it will not change Russia’s course towards Ukraine, Iseli said.
Ukrainian Ambassador to the United States Oksana Markarova stated that the United States and Canada are giving up Russian vodka «definitely not enough“- reports the Washington Post.
Markarov called on more companies to speak out against the Russian invasion and take action, and the United States – to impose more sanctions.
Boycotts of Russian alcohol will be just as inefficient for Canada, said CBC Genirk Sternikusek, a retired business professor at the University of New Brunswick.
“From an economic point of view, it’s not very important,” Sternikusek said.
A Polish immigrant who has worked in Ukraine and Russia for years advocating democratic reforms, he believes boycotts are still important, even if the financial implications are not enough to make Moscow shudder, he told the CBC.
“From a symbolic political dimension, this is a very important gesture that all we can do is to send a message to the Russian leadership that we disagree with what they are doing,” Sternikusek said.
Boycotts are an opportunity to show solidarity with Ukraine, Iseli said, WZZM reports.
“It can help show people around the world that the United States is not divided” in support of Ukraine, he said.