Russians are buying food, including and especially meat, from Belarus as the Belarussan currency plunges.
August 31 (Bloomberg) — Belarus’s supermarkets are running out of meat as Russians take advantage of their neighbor’s currency crisis, which devaluation and the world’s highest borrowing costs have failed to halt.
“All meat has gone to Russia,” Alexander Andreyevich, an 82-year-old former tractor-plant worker, said Aug. 25 in Minsk, the capital. “My relatives near the Russian border called me a few days ago and said the shops are empty.”
Belarus is grappling with a balance-of-payments crisis that forced a 36 percent devaluation of its ruble in May. It may need to raise $12 billion by 2013 through state-asset sales and international bailout loans to stave off economic collapse, Moody’s Investors Service said Aug. 23.