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Russia-EU trade conflict may cause losses on both sides — Polish deputy PM

August 07, 2014, 14:04 UTC+3 WARSAW
“We are close to a war which has never been in Europe before. This is a trade war,” Poland's Deputy Prime Minister and Economy Minister Janusz Piechocinski says
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WARSAW, August 07. /ITAR-TASS/. Trade confrontation between Russia and Europe may lead to losses on both sides, Poland's Deputy Prime Minister and Economy Minister Janusz Piechocinski said on Thursday.

“We are close to a war which has never been in Europe before. This is a trade war. Both sides will suffer losses,” Piechocinski said, adding that further developments would depend on political leanings.

On Wednesday, Russia announced a ban on most fruit and vegetable imports from Poland, which it extended to the entire European Union later, limiting imports of agricultural goods from countries that have imposed sanctions on Moscow. Warsaw called the move retaliation by the Kremlin for new sanctions imposed a day earlier by the West on Russia over its role in the Ukraine crisis.

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