Russia Ban prolonged


EU foreign ministers met last week with the aim of prolonging Russias ban.

Russia Ban prolonged

  • ADDED
  • 2 years ago

EU foreign ministers met last week with the aim of prolonging Russias ban.

Foreign Ministers from the EU met at the end of last week, with Russia's ban the main focus of conversations.


It was decided at said meeting to extend the current ban on Russian exports to June 2018.


The EU delegates decided that from here on in the bans length will be decided on a six-monthly or yearly basis, depending on the circumstances.


The ban was imposed on Russia back in 2014 for their involvement/invasion of Crimea.


The ban was said to have cost dlthe dairy sector over 8billion a year in exports to Russia.


Russia have also significantly decreased other dairy imports from the EU as partof their stand against the ban.


Although that being said recent price increases experienced at GDT auctions, most notable in butter and cheese products, are thoughtto have supplemented these losses.

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