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EU to Provide EUR 125M to Farmers Affected by Russian Food Embargo

Politics » BULGARIA IN EU | August 18, 2014, Monday // 15:27| Views: 3986 | Comments: 1
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Bulgaria: EU to Provide EUR 125M to Farmers Affected by Russian Food Embargo Photo by EPA/BGNES

The European Commission has announced it will provide aid of up to EUR 125M to agricultural producers affected by the Russian food embargo.

"The exceptional measures announced today will include market withdrawals especially for free distribution, compensation for non-harvesting and green harvesting. The financial assistance will cover all producers whether they are organized in producers organization or not. The measures will have a retroactive affect as from August 18," the EC said in a statement on Monday, adding that the measures would apply until the end of November.

"Taking into account the market situation following the Russian restrictions on imports of EU agricultural products, with effect from today, I am triggering CAP emergency measures which will reduce overall supply of a number of fruit and vegetable products on the European market as and when price pressures become too great in the coming months. All farmers of the concerned products - whether in producer organizations or not - will be eligible to take up these market support measures where they see fit. Acting early will provide an efficient support to the price paid to producers on the internal market, help the market adjust and be cost effective," said Dacian Ciolos, EU Agriculture and Rural Development Commissioner.

The products concerned by the measures announced on August are the following: tomatoes, carrots, white cabbage, peppers, cauliflowers, cucumbers, and gherkins, mushrooms, apples, pear, red fruits, table grapes and kiwis.

According to EC sources speaking on condition of anonymity, as cited by the Bulgarian National Radio, the aid is expected to mostly go to large-scale exporters of perishable fruit and vegetables to Russia such as Poland, Lithuania, Belgium and the Netherlands.

The measures are expected to be officially approved in a few weeks' time.

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» To the forumComments (1)
#1
George Zhelyazkov - 19 Aug 2014 // 20:51:00

There you again EU. Fighting with Russia and destroying your own economy. Those 125 m euros should be sent to Russia as an apology for sanctioning them for no reason. Now the EU taxpayer has to finance its leaders disastrous policy!

You see Novinite, I've been saying for many years here that the future of the world is in emerging markets. Although I am selective about what is an emerging market, (Turkey, Latin America, Africa, most of Asia and most of the Middle East are not emerging markets in my view) and only Russia, China, North Korea, Syria and Uzbekista are considered emerging markets, the future of the world lies in these regions.

You see Bulgarians, Russia is our Slavic brother, the utmost Slav of Slavs, and a defender of the defenseless, a warrior for peace and a provider of the shelterless and hungry. Comrade Putin is the most decent, humane and peaceful world leader I have seen in my lifetime. We must defend Russia and trade with her at this time of need. What did Gandhi do? He organized civil resistance.

Get your head out of your asses Bulgarians and start civil resistance to fight for our Slavic brothers and emerging markets of China, North Korea, Cuba and Syria. We need to unite against the decadent West and start making money by trading with the future of the world! If you want to be poor continue there languishing away and praying to get a lottery visa to emigrate to Canada like me continue down that reckless path of being part of the EU and Nato and not trading with Russia.

Emerging markets forever!!!!!!