Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

The European Commission Estimated Agricultural Losses
3.09.2014 17:49
The European Commission Estimated Agricultural Losses
(Source: http://www.restoclub.ru/review/29663)

After the ban was imposed on the various kinds of agricultural products by the Russian Federation, the European Commission has estimated that total loss equals € 5 billion because of the embargo. 

      The European Commissioner for Agriculture and Rural Development Dacian Ciolos has concluded that the damage to the economy of the European countries makes  € 5 billion due to the ban on the supply of their agricultural products to the Russian Federation. 

      According to him, the Russian embargo has affected 4.2% of total exports of the European Union, which is slightly less than half of the total EU exports to Russia. EU exports to Russia 10% of its agricultural products. Embargo severely affected the sector of fruits and vegetables, as well as dairy products.

      Earlier today, the European Commission has decided to allocate additional € 30 million to support  its local agricultural producers.

      
 



Author: Anna Dorozhkina

Tags: sanctions products ban    

Next Previous


You might also find interesting:








Comment on our site


RSS   twitter      submit



TAGS:
Saint Petersburg  Russian politicians  Moscow  Russian TV Series  Saratov region  Russian women  the Urals region  Russian Cinema  Soligalich  Russian culture  Smoking in Russia  Amur Region  Archeological Finds  Russian medicine  Catherine II  Tolbachek Volcano  Karl Brullov  Maria Sharapova  Pushking Fine Arts Museum  Mercedes-Benz Fashion Week Russia  Russian government  Alexander Pushkin  Children's Books  Russian Architecture  Russian business  Halloween in Russia  Russian aviation  Russian sportsmen  Barnaul  Sculpture  Juris Jurjans  Torzhok  Jessica Lange  Russian tourism  Space Stations  Russian economy  Water Supply System  Bobsleigh  St. Petersburg  Russian science  Vegetarianism  Russian Stage Directors  Norilsk Nickel  spacewalk  Exhibitions of Moscow  Russian scientists  Private Museum Of Russian Icon  Exhibitions in Moscow  Andrey Zvyagintsev  Musical Theatres 


Travel Blogs
Top Traveling Sites