The EU will continue to provide assistance to farmers affected by Russian food embargo
Farmers, who have been affected by the Russian trade embargo on goods from the European Union, will receive financial assistance from the EU, Deutsche Welle reported. The assistance to agricultural producers previously approved has been extended until June 2017. It should be noted that Brussels spent 280 million Euros on assistance to farmers who have been affected by the Russian sanctions.
In general, approximately 1.13 million tons of European fruits and vegetables were given free of charge to charitable organizations, fed to animals or processed into the compost during this time. Thanks to these actions, prices will remain stable as the supply is being managed. As is known, the EU imposed economic sanctions against Russia in response to the annexation of Crimea and escalation of the conflict in the Donbas.
In response to this, Moscow suspended the import of many food products from EU member states, many of which had Russia as their main distribution market. For the last three years, the EU has been providing financial assistance to farmers in order to stabilize the situation in the domestic food market.