Moscow. India’s close friend Russia is facing a serious crisis these days. There is a huge shortage of eggs in some areas. People are forming long queues in front of shops to buy eggs. This problem is happening due to the sanctions imposed in Russia regarding the war. According to Bloomberg report, egg prices have increased by more than 4% for four consecutive weeks. Eggs have become 42% more expensive in Russia since the beginning of the year.
Rising egg prices due to high inflation and economic sanctions are worrying Russian authorities. Especially when it is the festive season, this crisis seems doubly severe. The Kremlin has insisted for months that sanctions imposed on Russia since it launched a full-scale invasion of Ukraine in February 2022 have caused significant damage.
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big blow to business
Small businesses have suffered a major setback due to the shortage of eggs. People are also craving to eat dishes made from eggs. Putin’s power may also be in danger due to the increase in the price of eggs, because there is anger among the people and the presidential elections in March 2024 are also coming closer. According to experts quoted by Russian media, the rise in egg prices is due to the increase in the cost of poultry feed and veterinary products. This is the result of Western sanctions, which have led to an increase in the price of imported products. According to Rosstat, the price of chicken increased by 29.26% in November 2023 compared to the same month last year.