The EU is considering how to respond to the Russian veto, it will cost you 5,200 … – The Courier

The EU is considering how to respond to the Russian veto, it will cost you 5,200 … – The Courier

The European Union, under pressure from some member countries and sectors concerned, and studied its response to the Russian ban on imports of its food products and operates a first estimate of the impact of the measure, some 5,250 million euros. Upon returning from vacation, the European Commissioner for Agriculture, Dacian Ciolos said EU farmers to be a response “proportionate and fast ‘to support them if the situation requires it and remembered that the Common Agricultural Policy (CAP) offers tools, including reserve for crises to help.

Russia bans since Thursday and for one year the import of beef, pork, vegetables, fruits, poultry, fish, cheese, milk and milk products from EU, USA, Australia, Canada and Norway, in retaliation for the sanctions to those countries that want to stop the expansionism of Moscow in Ukraine.

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The European Commission on Monday will create a working group to analyze the impact of the Russian veto in each sector and assess how to support handicapped in the best possible way to producers. A meeting of experts from the Member States will also be held on Thursday in Brussels to follow the evolution of the markets in these early days of prohibition. Spain claim in this quote “immediate measures” if it appears that there are sectors “significantly” affected, stated the director of Productions and Agricultural Markets, Ministry of Agriculture, Fernando Miranda.

At the moment, the Commission believes premature discuss compensation because he trusts in Ciolos words in the agricultural sector “reorient rapidly into new markets and opportunities” to limit the negative impact of the Russian veto, although this transition may also require aid.

Early estimates of the impact of the Russian ban on imports amounted to 5.252 million euros for the whole EU, a figure of exports in 2013 banned product. Lithuania with Food and fisheries goods worth 927 million euros last year, and Poland (841 million) are the most affected by the decision of Moscow EU countries. They are followed by Germany (595 million), Netherlands (528 million), Denmark (377 million) and Spain (338 million).