EU officials seek to limit impact of Russia's food import ban
Published on Aug 11, 2014 8:20 PM
BRUSSELS (REUTERS) - European Union regulators on Monday began analysing product-by-product the impact of a Russian ban on EU food imports announced in retaliation for Western sanctions over Moscow's actions in Ukraine.
But they said it was too soon to decide how much, if any, of a 400 million euro (S$669.57 million) EU compensation fund might be paid out to help farmers.
European Agriculture Commissioner Dacian Ciolos interrupted the traditional European Commission August break to return to Brussels at the weekend, together with other senior staff, and on Monday they set up a task force.
The aim is to work out alternative markets and to analyse the fallout from Russia's one-year ban, announced last week, on imports of meat, fish, dairy, fruit and vegetables from the United States, the EU, Canada, Australia and Norway.
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