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Russian Veto On EU Food Exports Prolonged Until 2017

Published on Jul 4 2016 7:46 AM in Supply Chain tagged: Featured Post / Russia / EU / veto

Russian Veto On EU Food Exports Prolonged Until 2017

Russian President Vladimir Putin signed a decree extending the country's veto on EU food imports for a further one and a half years.

According to reports, the decision was made taken into consideration the fact that the 28 EU members were clear on their intention of continuing with the sanctions adopted after Russia's role during the Ukranian crisis.

Despite opposition from EU members such as Hungary, Italy and Greece, the EU will maintain its sanctions against Russia as they argue that Moscow hasn't put effort on complying with the Minsk agreement created to solve the crisis in Ukraine.

The list of products banned from Russia due to the veto include fruit, vegetables, meat, fish and dairy.

The veto has been in place since the summer of 2014 and affects most western countries, not only members of the EU.

Due to this situation, the European Commission have prolonged the supports and subsidies to EU producers that are facing problems due to the veto. These supports have been extended for one year, until end of June 2017.

© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Gabriela Guédez. To subscribe to ESM: The European Supermarket Magazine, click here.

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