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Moscow's food import sanctions effect production in Europe and Russia


Moscow's food import sanctions effect production in Europe and Russia


The Russia food boycott has created winners and losers. The impact on home soil has been an increase in production.

According to figures quoted by President Vladimir Putin at the state’s main economic forum in St.Petersburg there were big gains in the dairy sector.

In the first four months of the year butter jumped 8.7 percent while cheese almost touched 30 percent. Fish and fish products rose 6 percent and meat was up almost 13 percent.

And the boost in production has led to claims of fake goods hitting the shelves. The Italian farmers association, Coldiretti believes that the rise in cheese production has led to fake Italian products being sold.

For the losers there is what the EU Commission calls “a safety net”. A package of emergency aid first announced last year is to be extended.

Help for the dairy sector will remain in place until March 2016 and for fruit and vegetable growers to July 2016.

“This Russian embargo had a strong impact in geopolitical terms. Around 300,000 tons of European cheese was exported to Russia, which was worth about one billion euros. So it is clearly an important market, which represents 3% of the European outlets,” Jean-Michel Javelle, who is President of Sodiaal Sud Est a leading French milk cooperative, told euronews.

It’s understood Moscow is set to extend the ban to seven more countries which have backed EU sanctions against Russia.

Kremlin spokesman Dmitry Peskov was reported as saying, “the principle of mutuality is of fundamental importance in this issue.”

This week marks the one-year anniversary of Russia's embargo on goods from the EU, in retaliation to sanctions imposed on Moscow over the crisis in Ukraine.Watch our video to learn more about the embargo…

Posted by euronews on Friday, 7 August 2015

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