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It is clear that help first of all concerned products that are rapidly decaying now, Prime Minister Alexander Stubb said on Monday.
The European Commission on Monday allocated 125 million euros to help fruit and vegetable producers hit by Russia’s ban, its press service reports on Monday.
The European Commission has not officially assessed the amount of damage from the Russian ban, but experts estimate it will be more than seven billion euros.
According to Roger White, the allocated funds will cover half of the cost of the products’ removal from the market first of all for their free distribution.
Apart from buying out products for free distribution among orphanages and charitable institutions, the European Commission says they could be sold for the production of spirits, coloring agents, etc.
The European Commission has also pledged to closely monitor the situation on the market, taking additional measures if necessary.