Russia’s legendary barque Kruzenshtern calls at Belgian portSociety & Culture May 25, 20:26
OPEC and non-OPEC countries to develop cooperation outside Vienna agreementBusiness & Economy May 25, 19:44
Russia squared-off with Western media blitz to smear World Cup preparationsSport May 25, 19:35
NATO seeks to continue and expand dialogue with RussiaWorld May 25, 19:01
WADA offers pole vaulter Isinbayeva post of ambassador for clean sports in Russia — sourceSport May 25, 18:57
Lavrov keeps close eye on situation with jailed Russian pilot in USRussian Politics & Diplomacy May 25, 18:51
Belkomur rail project brings new opportunities to Russia’s Arctic regionsBusiness & Economy May 25, 18:46
Russia to build first helicopter carrier by 2022Military & Defense May 25, 17:41
OPEC extends agreement on oil production cutBusiness & Economy May 25, 17:16
BRUSSELS, October 22. /TASS/. The European Commission (EC) has amended its 2015 draft budget over Russia’s food embargo, the EC said on Wednesday.
“The approach for financing the agriculture crisis measures following the Russian embargo is consistent with the budgetary rules, the political circumstances and the serious shortage of payments that we are facing,” the European Commission said in a statement.
"The EU's 2014 surplus stands at €465 million and its integration in the 2015 budget will help reduce the appropriations requested for the European Agriculture Guarantee Fund both in commitments and payments,” the statement said.
Russia introduced a package of counter-measures on August 7 in retaliation to the sanctions imposed by the United States, Australia, Canada, the European Union and Norway against Moscow over its stance on developments in neighboring Ukraine.
Russia’s counter-sanctions involve a one-year ban on food and agricultural imports from the countries that slapped sanctions against Moscow. The European Commission stated several times since August it will allocate funds to support European agricultural producers affected by Russia’s food embargo.