Sunday

17th Feb 2019

EU sets aside €125mn to stabilise food prices

  • EU farm commissioner Dan Ciolos has promised 'solidarity' with Russia-hit exporters (Photo: ec.europa.eu)

The European Commission has set aside €125 million more for food exporters hurt by the Russia ban.

It said in Brussels on Monday (18 August) the money will be available until the end of November for producers of tomatoes, carrots, white cabbage, peppers, cauliflowers, cucumbers, and gherkins, mushrooms, apples, pear, red fruits, table grapes, and kiwis.

Read and decide

Join EUobserver today

Support quality EU news

Get instant access to all articles — and 18 year's of archives. 30 days free trial.

... or join as a group

It noted in a statement that: “The markets for these products are in full season, with no storage option for most of them and no immediate alternative market available”.

A spokesman, Roger Waite, added that the move is designed to stop prices from falling to “crisis levels”.

The move comes after the commission earlier this month set aside up to €30 million for peaches and nectarines.

Member states’ agriculture experts will meet again in Brussels on Friday to see whether other sectors need assistance from a €420 million EU fund being used to cover the costs. Agriculture ministers will also meet on 5 September to assess the state of the markets.

Under the scheme, producers can divert up to 5 percent of output to be used as fertiliser or to be given away to schools and hospitals in return for EU compensation.

Russia imposed the ban on 6 August in retaliation for EU sanctions on its banks and energy firms over the Ukraine conflict.

Individual Russian consumers are allowed to bring back EU-made food, however. Food made in Belarus or Kazahstan using EU-supplied ingredients can also be exported to Russia, its deputy prime minister said on Monday.

News of the commission food aid came out the same day as statistics showing that EU exports to Russia were on a downward trend anyway, with sales down 12 percent between January and May compared to last year.

The sanctions war is likely to escalate if the conflict also gets worse.

The Ukrainian military on Monday said “many people have been killed, including women and children” when pro-Russia rebels hit a convoy of refugees in east Ukraine with rockets and mortars. But the pro-Russia rebels said Ukrainian forces bombed the civilians.

Russia relaxes EU food ban, counts costs

Russia has said its ban on EU food imports will cost it “hundreds of billions of rubles”, while taking several items off the blacklist.

News in Brief

  1. Spain's Sanchez calls snap election on 28 April
  2. 15,000 Belgian school kids march against climate change
  3. May suffers fresh Brexit defeat in parliament
  4. Warning for British banks over Brexit staff relocation
  5. Former Italian PM wants Merkel for top EU post
  6. Antisemitic incidents up 10% in Germany
  7. Italy's asylum rejection rate at record high
  8. Hungary will not claim EU funds for fraudulent project

Opinion

Eastern Europe Matters

The foreign ministers of Sweden, Poland and the Czech Republic reflect on 10 years of the Eastern Partnership with Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine.

Stakeholders' Highlights

  1. Counter BalanceEU bank urged to free itself from fossil fuels and take climate leadership
  2. Intercultural Dialogue PlatformRoundtable: Muslim Heresy and the Politics of Human Rights, Dr. Matthew J. Nelson
  3. Platform for Peace and JusticeTurkey suffering from the lack of the rule of law
  4. UNESDASoft Drinks Europe welcomes Tim Brett as its new president
  5. Nordic Council of MinistersNordic ministers take the lead in combatting climate change
  6. Counter BalanceEuropean Parliament takes incoherent steps on climate in future EU investments
  7. International Partnership For Human RightsKyrgyz authorities have to immediately release human rights defender Azimjon Askarov
  8. Nordic Council of MinistersSeminar on disability and user involvement
  9. Nordic Council of MinistersInternational appetite for Nordic food policies
  10. Nordic Council of MinistersNew Nordic Innovation House in Hong Kong
  11. Nordic Council of MinistersNordic Region has chance to become world leader when it comes to start-ups
  12. Nordic Council of MinistersTheresa May: “We will not be turning our backs on the Nordic region”

Latest News

  1. Sluggish procedure against Hungary back on table
  2. Could Finnish presidency fix labour-chain abuse?
  3. Brexit and trip to Egypt for Arab League This WEEK
  4. Belgian spy scandal puts EU and Nato at risk
  5. EU Parliament demands Saudi lobby transparency
  6. Saudi Arabia, but not Russia, on EU 'dirty money' list
  7. EU agrees draft copyright reform, riling tech giants
  8. Rutte warns EU to embrace 'Realpolitik' foreign policy

Join EUobserver

Support quality EU news

Join us