EU pledges $168m to offset Russia sanctions cost

apple (file) (Getty Images)
apple (file) (Getty Images)
Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 8/18 6:27 am

BRUSSELS (AP) — The European Commission is pledging $168 million to assist fruit and vegetable producers hit by Russia's ban on food imports from the 28-nation bloc.

It said Monday the money will help those selling products like tomatoes, carrots, peppers, apples and pears.

Russia's ban on EU food imports this month coincided with the harvesting season and led to a supply glut that is weighing on prices and causing losses for producers. The Commission aims to compensate producers who decide to not harvest some of their goods or give products away for free. Russia is the main export market for many EU fruits and vegetables.

Moscow banned imports in retaliation for EU and U.S. sanctions against Russia introduced over what the West sees as Russia's destabilization of Ukraine.

 

©2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Share
NEWSCASTS ON DEMAND
WATCH OUR LIVE NEWSCAST

What's On

All content © Copyright 2014 Intermountain West Communications Company. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.
You may also view our Sitemap

Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.