You're reading: Financial Times: From Bentleys to fish, Russia’s economy feels sanctions’ sting

More than once, Mikhail Zub was driven to the verge of failure in his attempts over the past 20 years to transform a rotting Soviet fish processing plant in the Arctic city of Murmansk into a viable business. Yet things have never looked so bleak as they do now.

The factory lost access to supplies from Norway overnight when Russia banned western food imports last month in retaliation against Ukraine-related sanctions.

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