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- Mar 14, 2015
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On 6 August 2014, Moscow announced an embargo on imports of a range of agricultural products from the EU, applicable from 7 August. One year on, it is clear that the EU agri-food sector has been remarkably resilient. In most regions, most of the affected sectors have been able to find alternative markets, either within the EU or beyond. Whereas Russia accounted for 10% of EU agri-food exports in 2013 (and the products banned amounted to 4 %), the value of overall exports have increased by 5 % from August 2014 to May 2015, compared to the same period of the previous year (these are the most recent available figures).
Major gains have been achieved in the value of exports of agri-food products to the USA, China, Switzerland and other key Asian outlets, such as Hong Kong and South Korea, but also on most other world markets.
Among the banned products, meat has done particularly well by actually increasing exports. Exports of dairy and fruit and vegetables have gone down by 10 % and 12 % respectively, which is not surprising given the significant volumes that previously went to Russia, but the value of exports to non-EU markets (excluding Russia) has increased considerably.
The Russian ban on EU agricultural products 12 months on - Agriculture and rural development
Major gains have been achieved in the value of exports of agri-food products to the USA, China, Switzerland and other key Asian outlets, such as Hong Kong and South Korea, but also on most other world markets.
Among the banned products, meat has done particularly well by actually increasing exports. Exports of dairy and fruit and vegetables have gone down by 10 % and 12 % respectively, which is not surprising given the significant volumes that previously went to Russia, but the value of exports to non-EU markets (excluding Russia) has increased considerably.
The Russian ban on EU agricultural products 12 months on - Agriculture and rural development