EU – Baltic States, Foodstuff, Latvia, Legislation, Markets and Companies

The minister said he did not mean that farmers would begin to close down their farms and cull their livestock en masse. However, the crisis will have consequences, and some farmers might have to liquidate their herds.

"Many people claim that we should be looking for new export markets, but it is not easy with regard to dairy products. For this reason, we must find solutions in situations when there is almost no way out," the minister said.

He also announced his plan to meet with Hogan in August in order to discuss the current situation in the dairy industry, as the European Commission indicated last year that, in case the situation does not improve, the Commission would be prepared to return to financial aid talks.

As reported, in August 2014 Russia banned import of most food products from the EU, United States and other Western countries that had adopted sanctions against Moscow. Russia's embargo concerns beef, pork, fruit, vegetables, poultry, fish, cheese, milk, and dairy products.