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The EU has calculated losses from import ban in Russia

The Kremlin banned half of all products that the EU exported to Russian market. Moscow banned the import half of all food and agricultural products, which the European Union sold on Russian market. As BBC Russian reports, in 2013 the EU earned on export to Russia of these goods 5.3 billion euro. This is stated […]

eu baned by russiiaThe Kremlin banned half of all products that the EU exported to Russian market.

Moscow banned the import half of all food and agricultural products, which the European Union sold on Russian market.
As BBC Russian reports, in 2013 the EU earned on export to Russia of these goods 5.3 billion euro. This is stated in the calculations of the European Commission.

The total export of products from Europe to Russia for the last year amounted to 11.4 billion euro. But this is only 10% of the total number of goods that the EU exports. Total export of Union is 120 billion euro.

The Russians were divided in opinions regarding prohibition of import: some are happy, others are angry. Recall that exchange met the ban by Russia of imported products by a noticeable decline. But Medvedev said what products can no longer be imported from the EU, the USA, Canada and Australia.

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