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EU to assess losses from Russia’s ban ahead of Thursday meeting

August 11, 2014, 16:19 UTC+3 BRUSSELS
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BRUSSELS, August 11. /ITAR-TASS/. An EU working group, which is assessing losses from the Russian food ban on European agriculture, will prepare a report before the European Council’s meeting on Thursday, Roger White, a spokesperson for EU Agriculture Commissioner Dacian Ciolos said on Monday.

Another EU official said the EU can file complaints to the World Trade Organization. The union is considering all possibilities and will discuss the situation before taking any measures, he said, adding that the EU does not stick to a tit-for-tat policy as Russian countermeasures do not imply that the EU will respond with its restrictions.

European farmers can count on the Council compensating losses from the ban, but it will take time, White said. Another EU source told ITAR-TASS that the fund, which can be used for compensating the losses, amounts to €400 million, while the Russian ban blocks exports worth about €7 million.

On August 7, Russia banned imports of beef, pork, poultry, fish, cheese, dairy products, fruit and vegetables from Australia, Canada, Norway, the US and the EU for one year in response to the Western sanctions.

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