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Lithuania president pledges support to exporters on Russian food sanctions

August 08, 2014, 15:30 UTC+3 VILNIUS
The president added saying the government had set up a special fund of 200 million litas (58 million euros)
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© EPA/JULIEN WARNAND

VILNIUS, August 08. /ITAR-TASS/. Russian import measures in response to EU sanctions will hit Lithuanian cargo transporters and milk producers, said President Dalia Grybauskaite.

“The Russian lesson is novelty for neither of them,” she said following the meeting with economics and agricultural ministers.

Exporters made a considerable contribution to dealing with the economic crisis ad deserved support, the president added saying the government had set up a special fund of 200 million litas (58 million euros).

On Thursday, Moscow responded to Western sanctions with a ban on beef, pork, fruit, fowl, fish, cheese, milk and dairy products import from the EU, Australia, Canada, Norway and the US This amounts to annual import worth $9.1 billion, according to Itar-Tass estimate based on Federal customs Service’s 2013 data.

The EU will suffer most as it exported to Russia $6.5 billion of food. Non-EU member Norway will lose $1.2 billion, the US - $843.8 million, Canada - $373.6 million, Australia - $182 million.

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