- Sputnik International
World
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

EU Spends Millions due to Impact of Anti-Russian Sanctions

© Flickr / JTEuro Note Currency
Euro Note Currency - Sputnik International
Subscribe
The EU again has to transfer millions euros from taxpayers’ money to farmers as compensation for the damage caused by the sanctions. The sanctions cost European countries a fortune. More than 155 million euros have already been allocated for support measures between September 2014 and June 2015.

EU farmers affected by the Russian food import ban will continue to receive aid from the EU, DWN reported.

The ongoing support measures are expected to be extended for the next year, a representative of the European Commission in Brussels said on Thursday, adding that the exact amount of money has yet not been defined.

"How much money the farmers will get under the extended support, we cannot say yet. Of course, it also depends on how much they are going to apply for," the spokesman stated.

However, financial assistance rates have already been fixed. The EU Commission has laid down the rates for butter and skimmed milk powder. The rate for fruits and vegetables is expected to be fixed in the first week of August.

Chechen Leader Ramzan Kadyrov - Sputnik International
Europe to Lift Anti-Russian Sanctions As It Needs Russia - Chechnya Leader
The EU Commission is currently working on legal details. 155 million euros have already been spent on support measures between September 2014 and June 2015.

Last year, the EU imposed economic sanctions against Russia due to its position in the Ukrainian crisis. Russia responded with import ban for many Western products and heavily hit the European agricultural sector.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала