BP Russia president vows company will keep investing in Russian oil and gas projectsBusiness & Economy March 30, 14:08
Russia’s most powerful icebreaker to cost over $1 blnMilitary & Defense March 30, 14:08
Putin urges to preserve Arctic as territory of dialogueWorld March 30, 14:06
Bulgarian official slams 2017 Eurovision Song Contest as politicizedWorld March 30, 13:35
Moscow considers Brexit UK’s internal affairRussian Politics & Diplomacy March 30, 13:28
Russia's Nobel laureate in physics Abrikosov passes awayScience & Space March 30, 13:18
Press review: Moscow wins $3 bln debt battle vs. Kiev and S.Ossetia seeks to join RussiaPress Review March 30, 13:00
First Russia-NATO Council meeting in 2017 begins in Brussels — sourceWorld March 30, 12:54
Hamburg ballet director gives heart and soul to stage Anna Karenina performanceSociety & Culture March 30, 12:44
There is no possibility to compensate the losses in full, the ministry said.
“Before talking about any sums it is necessary to see where one can take them from. The problem is that there is no funding,” Finnish Member of the European Parliament Petri Sarvamaa said.
The agriculture and fisheries ministers of the 28 EU member-countries will discuss additional measures to support European producers amid Russia’s embargo. However, it is difficult to estimate the amount of EU aid to the dairy product market, Sarvamaa said.Finland’s largest dairy concern, Valio, is the major dairy product supplier to Russia. The company’s export to Russia exceeded €242 million in 2013 - 85% of Finnish exports hit by Russian food import ban. Finland reduced foodstuffs supplies to Russia by 63% in August 2014 as compared with July 2014.
On August 7, 2014 Russia introduced a package of response measures to sanction of the United States, Australia, Canada, the European Union and Norway. The retaliatory sanctions also ban for one year ban the import of almost all kinds of meat from these countries to Russia. Certain kinds of finished products, by-products and meat scraps were not affected by the restrictions.
On August 20, the Russian government excluded from the list of agricultural products to which retaliatory food sanctions apply, concentrates of vegetable and animal protein, sports nutrition, lactose-free milk, vitamin-mineral complexes.
According to the European Commission, the Russian embargo has affected 4.2% of total exports 28 EU countries to the total worth of 5 billion euro.