21:52 GMT +3 hours28 August 2016
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EU Faces Negative Consequences of Russia’s Imports Ban Netherlands

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Russia Responds to Western Sanctions (202)
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Russia’s boycott on the imports of agricultural and food products from the countries that imposed sanctions against Moscow can have negative consequences not only for the production distribution, but on the prices on the European market.

MOSCOW, August 7 (RIA Novosti) - Russia’s temporary restrictions on the imports of agricultural and food products from the countries that imposed sanctions against Moscow, will have a negative impact on the Dutch and the European Union’s economies, the President of LTO Nederlands, Dutch Federation of Agriculture and Horticulture said.

“The Netherlands is the second largest exporter of agricultural and horticultural products in the world, and Russia is one of our major clients,” Albert Jan Maat said in a statement published on the LTO website.

He stressed that the Federation supports the government’s policy, however the Dutch authorities should take steps to mitigate the negative consequences for the country’s economy posed by Russia’s ban.

"We should not underestimate the possible consequences,” Maat said. “The boycott can have negative consequences not only for the production distribution, but on the prices on the European market.”

Albert Jan Maat also said that the issue should be discussed at both – national and pan-European levels.

On Wednesday, Russian President Vladimir Putin signed a decree banning for a year imports of agricultural and food products from countries that imposed sanctions on Russia. The complete imports “black list” is expected to be announced on Thursday and will be “very substantial.”

The European Union, the United States, Canada and Japan have compiled sanctions lists against Russian companies, banks, politicians, freezing their bank accounts, banning them entry and refusing to buy Russian goods. The move has been linked to the ongoing conflict in Ukraine.

Since March, the European Union has imposed a total of nine rounds of sanctions, with two of them against the former Ukrainian leadership and seven against Russia. Washington has adopted a total of six rounds of anti-Russian sanctions.

Moscow has repeatedly called the measures counterproductive and stressed that Russia was never involved in the Ukrainian conflict.

Topic:
Russia Responds to Western Sanctions (202)
Tags:
Vladimir Putin, sanctions, European Union, Netherlands
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