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    Ukrainian Farmers to Lose $17 Mln by Year-End Over Russian Import Ban: Minister

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    Russia Responds to Western Sanctions (202)
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    Ukrainian farmers will lose about $17 million by the end of the year if Russia keeps its import ban on Ukrainian agriculture products, Ukrainian Food and Agriculture Minister Ihor Shvaika said Wednesday.

    Updated 5:41 p.m. Moscow Time

    KIEV, October 22 (RIA Novosti) – Ukrainian farmers will lose about $17 million by the end of the year if Russia keeps its import ban on Ukrainian agriculture products, Ukrainian Food and Agriculture Minister Ihor Shvaika said Wednesday.

    “If the ban is in force until the end of this year, farmers will lose about $17 million because of their inability to sell products under previously agreed contracts. Our experts estimate that possible losses in 2015 may stand between $50 and $60 million,” the minister said.

    On Tuesday, Russia's agricultural watchdog Rosselkhoznadzor stated that Russia would temporarily ban agriculture imports from Ukraine.

    Last week, Rosselkhoznadzor requested Ukraine to provide information about the country's agriculture and harvest in various regions and "present other convincing guarantees that agricultural products supplied to Russia were produced in Ukraine" before October 21. Ukraine failed to present the requested information.

    Earlier this year, Russia halted imports of Ukrainian milk and milk products, cheese, certain brands of alcohol, potatoes, soy and soy products, sunflower seeds, candy and confectionery, canned food, pork and beef.

    According to Rosselkhoznadzor, certain goods arriving from Ukraine could have been produced in the European Union. In addition, some of the products exported to Russia from Ukraine failed to comply with phytosanitary requirements, the watchdog said.

    Moscow introduced a one-year ban on the import of certain food products from the European Union, the United States, Australia, Canada and Norway in August in response to their sanctions against Russia.

    Topic:
    Russia Responds to Western Sanctions (202)
    Tags:
    sanctions, farmer, imports, European Union, Rosselkhoznadzor, Norway
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