Add to favorite
 
123
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS


The European Union Countries, the USA, Canada, Norway and Australia Lost 8.6 Billion Dollars Because Of Food Embargo
August 3, 2016 14:31


(Source: https://www.restoclub.ru/spb/review/chiefs)

The European Union countries, the USA, Canada, Norway and Australia have lost a market of 8.6 billion dollars per year because of the food embargo on Russia. This was said by the Ministry of Economic Development on Tuesday, August 2, according to RIA Novosti.

According to the Ministry’s data, food imports from these countries fell by 96.5 percent in terms of value, from 8.96 billion dollars in 2013 to 312.3 million dollars last year. In real terms, the supplies fell by 98.9 percent, from 4.33 million tons in 2013 to 46.5 thousand tons in 2015.

The Ministry of Economic Development also noted that there was a large number of expert assessments of losses of foreign countries from food embargoes. According to one of them, a total loss of the EU countries due to the sanctions confrontation with Russia amounts to about 40-50 billion euros per year, or about 0.4 percent of GDP of the EU. On August 2 the Ministry of Economic Development reported that food prices in Russia grew by 31.6 percent during the two years of the food embargo mode.


Sources: http://lenta.ru 


Author: Anna Dorozhkina

Tags:      

Next Previous

You might also find interesting:

Magical Night Of the Year At the VDNKh HSBC: Russian GDP Will Fall To 3.5% Vedomosti Stops the Issue of Regional Newspapers Vimpelcom Posts Q4 2013 & Full 2013 Financials Economic And Geopolitical Consequences Of the US Elections





comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share


TAGS:
biking in Russia  Kolomenskoye  St. Isaac's Cathedral  Paleontology  Samara  Russian festivals  Novgorod Region  Kazan  education  Russian tourism  Painting  Golden Ring  Russian gold  Navalny Brothers  Sverdlovsk region  Sochi autodrom  Moscow  Alexander Nevsky Lavra  Dmitry Mendeleyev  Mercedes-Benz Fashion Week Russia  Russian exhibitions  Rostov Region  Festivals in Moscow  Robots  Russian Cinema  Vassili Millioti  technology  medicine  tourism  Russian journalists  Norman Quartet  Moscow parks  Russian business  Russian banks  Zakharov  Korkino  Sasovo  Sevsk  travel to Russia  Lithuania  Children's Writers  Exhibitions in Moscow  Mrs. Russia  Walking Accessibility  Irkutsk Region  Russian regions  VTB bank  Nadezhda Rumyantseva  St. Petersburg  Political Poster 


Travel Blogs
Top Traveling Sites