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Wednesday, 24.04.2024, 19:34
EBRD: Baltics most vulnerable to Russia food sanctions
The Russian measures apply to fruit,
vegetables, meat, fish, milk and dairy products from
But the Baltics are THE hardest hit,
the European Bank for Reconstruction and Development said.
"The export data indicates that
the most affected country will likely be
The bans "may have a noticeable
effect on exports and GDP in the Baltic states,
The London-based bank also noted
that "in
"The overall GDP effect appears
to be less potent in other sanctioned economies where shares of food exports to
The bank said exports from central
and southeastern Europe to
The EU apple market has notably been
hit hard, with prices plummeting and a glut expected in
"If
But it added that the economic
impact could be mitigated if some of the banned exports find their way into the
Russian market via re-exports from third states.