Greece, Slovakia, Czech Republic, Germany… the chorus of voices demanding an end to Russian sanctions is starting to drown out the neocon warmongering efforts of the west… Last week Germany reported that in the second quarter, its GDP declined by 0.2%, worse than Wall Street consensus.
“Stunningly destructive” and “dismal failure” is how Nobel laureates describe growth in the European Union after destructive austerity policies and the euro crisis. Economists are casting doubt on the effectiveness of monetary policy in the 18-member eurozone, which is yet to fully shake off recession and produce sustained growth.
The €125 million in emergency EU support to its food producers may not be enough to cover the damage, as some estimates have it more than a hundred times higher. On Monday, the European Commission announced €125 million in emergency funding for European farmers hit by the Russian trade ban
Switzerland has said it will not re-export European agricultural products to Russia that now can’t get access to the country’s market. “We have had requests from European countries, including the producers of fruits, vegetables, dairy products and meat, but we didn’t give permission to have their products imported to Switzerland and then exported to Russia,” […]
The “right steps” politicians in the West and Russia are now taking against each other are very similar to what was happening before World War I, Latvian MEP Andrejs Mamikinsh warned EC President Jose Manuel Barroso in a letter Tuesday. It’s crucial to stop reciprocal sanctions before they throw people into poverty and ruin the […]
The European Commission said it will provide up to €125 million from Monday till the end of November to compensate food producers coping with Moscow’s food ban. “The exceptional measures announced today will include market withdrawals especially for free distribution, compensation for non-harvesting and green harvesting.
Some European food producers have reportedly asked Switzerland to provide an alternative supply corridor for goods embargoed by Russia. The agriculture import ban imposed by Russia does not apply to Switzerland as it is not an EU member.
MOSCOW: Russia may tighten retaliatory sanctions against Western nations to include a ban on imports of cars, among other things, if the United States and the European Union impose additional sanctions on Moscow, Vedomosti daily newspaper said on Monday. Following Russia’s stand off over Ukraine, western nations imposed sanctions on Moscow including on its financial […]
As Moscow banned food imports from the West, Turkey voiced its readiness to increase its exports of agricultural products to Russia, Turkish economy minister has said. “Turkey is a major supplier of food and agricultural produce to Russia. It is ready to increase its food exports to Russia if necessary,” Turkish Economy Minister Nihat Zeybekci […]
Hungarian Prime Minister Viktor Orban has urged a rethink of the European Union’s sanctions policy toward Russia, saying the measures are like “shooting oneself in the foot.” “The sanctions policy pursued by the West, that is, ourselves, a necessary consequence of which, has been what the Russians are doing, causes more harm to us than […]
The European Union is reported to be planning to dissuade Latin American countries from providing Russia.” “We will be talking to the countries that would potentially replacing our exports to indicate that we would expect them not to profit unfairly from the current situation,” the Financial Times (FT) quotes one senior EU official talking at […]
Russia will increase exports of wheat to Egypt and imports of other agriculture products from it, Russian officials said on Tuesday as the two countries discussed the potential for free trade. The move comes as Russia seeks new sources of supply after it banned most food imports from the United States, the European Union, Australia, […]
Economists fear eurozone recovery may be derailed after German ZEW indicator plunges to 20-month low. Europe’s standoff with Russia has affected the region’s largest economy after economic confidence in Germany nosedived unexpectedly, fuelling fears the eurozone’s weak recovery will be snuffed out.
Ecuador doesn’t need anybody’s permission to export agricultural products to Russia, which now has a big gap that needs to be filled after it banned supplies from a number of western countries, said President Rafael Correa. “I want to immediately say that we don’t need to get anybody’s permission to sell products to friendly countries: […]
In view of the events in Ukraine, the government and many media have switched from level-headed to agitated. The politics of escalation does not have a realistic goal – and harms German interests. We interrupt our own train of thought: “History is not repeating itself!” But can we be so sure about that these days?