As Russian sanctions take hold, EU farmers pay the price

Source: Thomson Reuters Foundation - Mon, 29 Sep 2014 16:45 PM
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In August, Russia declared a one-year embargo on meat, fish, dairy, fruit and vegetables from the European Union, the United States and other Western nations in retaliation for economic sanctions over Moscow's actions in Ukraine.

Across the continent, figures are not yet available on how much money EU farmers have lost since Aug. 7 when Moscow imposed the ban. Russia's move followed EU sanctions on key Russian energy and defence firms.

EU farm exports to Russia had been worth about 11 billion euros a year, roughly 10 percent of all EU agricultural sales. The tit-for-tat sanctions could cost farmers dearly.

Photos: THOMSON REUTERS FOUNDATION/Chris Arsenault

See our story: Young EU farmers struggle as Russian sanctions bite.

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