Tag Archives: EC Suspends Aid To Farmers Hit By Russian Food Ban After Claims Exceed Annual Trade

EC Suspends Aid To Farmers Hit By Russian Food Ban After Claims Exceed Annual Trade – 11 September 2014

RT logoThe European Commission has suspended its aid to European farmers hit by the Russian import ban.

The amount of submitted claims for some products is several times higher than EU’s annual trade with Russia, with some sources blaming Poland for the exaggerations.

The 125 million euros ($160 million) scheme was announced on August 18 after Russia responded to several rounds of western sanctions with a ban on import on food from the countries involved. EU members, particularly those close to Russia, were most affected by the loss of the Russian market.

Read the full story at: www.rt.com / link to original article