Bulgarian Producers Lose BGN 82 M over Russian Food Imports Ban

      Published on Wednesday, 29 July , 2015      122 Views     

  • Bulgaria Business

Bulgarian farmers have suffered BGN 82 M (EUR 41 M) in lost revenue as a result of the Russian ban on food imports from the West, Agriculture Minister Desislava Taneva said on Sunday.
Since Moscow banned food imports from the EU, the US, Canada, Norway and Australia in August 2014 in response to Western sanctions against Russia over its involvement in the crisis in Ukraine, Bulgarian dairy producers have lost BGN 44 M (EUR 22 M), Taneva said on BNR radio station.
By end-June 2015 the Bulgarian growers of fruit and vegetables have lost BGN 22 M, while the remaining losses from the Russian ban were recorded in the meat producing and processing sector.

Category Bulgaria Business | 2015/07/29 latest update at 4:15 PM
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