Russian Food Imports Ban to Hurt 9.5 Mln European Farmers

Author: us-russia
Comments: 0
Russian Food Imports Ban to Hurt 9.5 Mln European Farmers
Published 25-09-2014, 05:49
MOSCOW, September 24 (RIA Novosti) - Russia's restrictions on food imports from the European Union can potentially hurt some 9.5 million European farmers, according to the estimates voiced Wednesday by the European Parliament.

"The overall restrictions currently applied by Russia could jeopardize 5 billion euro worth of trade and affect the incomes of 9.5 million EU farmers. The value of banned fisheries products amounts to almost 144 million euro," the European Parliament said in a press release.

The total population of the 28-state bloc is estimated at approximately 500 million.

The economic repercussions of Russia's import restrictions targeting EU farm produce, raw materials and food from the EU will be debated by the International Trade Committee with the trade specialists from the EU Commission on Wednesday after 16.00.

Following the reunification of Crimea with Russia, the West introduced several rounds of economic sanctions against Russia, notably targeting its oil, banking and defense sectors. Moscow responded with the adoption of a one-year ban on the import of certain food products made in the European Union, the United States, Canada, Australia and Norway.

 

RIA Novosti

Comments: 0
Experts' Panel
Any advice to Trump?
All those who have contributed to the Trump - Pence "Make America...
Any advice to Trump?
Top
popular in the journal
RUSSIAN FEDERATION SITREP 11...

RUSSIAN FEDERATION SITREP 11...

WAR. I didn’t notice this at the time, but it’s effectively a declaration of war against Russia. I will be writing more but, in essence, the US State ...
Russophobia and the New Cold War

Russophobia and the New Cold War

When you think of U.S./Russia relations, what comes to mind? World War II and the struggle against the Third Reich? The subsequent Cold War and the decades-long fear of ...
New York Times’ fraudulent...

New York Times’ fraudulent...

The New York Times published a fraudulent and provocative "special report” Thursday titled "The plot to subvert an election.”
RUSSIAN FEDERATION SITREP 27...

RUSSIAN FEDERATION SITREP 27...

CONSEQUENCES KEEP COMING. Moscow’s story is that the Israeli F16s (or at least one) hid behind the Russian aircraft. Jerusalem denies this but the Air ...
The New York Times as Judge and...

The New York Times as Judge and...

Seeking to maintain its credibility, The New York Times dispenses with the criminal justice system and basic principles of journalism to weigh in again on Russia-gate, ...