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Russia relaxes EU food ban, counts costs

Russia has said its ban on EU food imports will cost it “hundreds of billions of rubles” in subsidies.

Its agriculture minister, Nikolai Fyodorov, told the Rossiya 24 broadcaster on Wednesday (20 August) the government has set aside 50 billion rubles (€1.03bn) for this year to keep shop shelves stocked with EU-type products.

"We are trying to prove that it [the 50bn ruble subsidy] needs to be somewhat higher," he noted.

“The volume of additional support needed to substitut...

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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