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Russian Ban on EU Agriculture – 12 Months On

13 Aug 2015

• 13 Aug 11:37

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On 6 August 2014, Moscow announced an embargo on imports of a range of agricultural products from the EU, applicable from 7 August. One year on, it is clear that the EU agri-food sector has been remarkably resilient. In most regions, most of the affected sectors have been able to find alternative markets, either within the EU or beyond. Whereas Russia accounted for 10 per cent of EU agri-food exports in 2013 (and the products banned amounted to 4 per cent ), the value of overall exports have increased by 5 per cent from August 2014 to May 2015, compared to the same period of the previous year (these are the most recent available figures). Major gains have been achieved. Read more...