Russian food ban to cost EU $6.6bn a year – internal document

Russian food ban to cost EU $6.6bn a year – internal document

Russia’s decision to impose a food embargo in response to Western sanctions may cost the European Union €5 billion ($6.6 billion) a year, according to an internal EU document.

“The overall temporary restrictions currently applied by Russia potentially jeopardize €5 billion worth of trade,” the report seen by Reuters states.

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