Baltic Export, Baltic States – CIS, Foodstuff, Latvia, Legislation, Markets and Companies

"There is no reason for them to change anything. They have found a way to ban exports based on ungrounded veterinary problems. Europe has put up with such a position and is helpless to do anything. Even if sanctions are lifted, I do not thing anyone is waiting for us there," said Lejietis.

As reported, in August 2014, the Russian government put an embargo on imports of most food products from the EU, the US, Australia, Canada and Norway in response to the sanctions these countries have imposed against Russia for its aggression in Ukraine. The embargo applies to import of beef, pork, fruit and vegetable produce, poultry, fish, cheese, milk and dairy products.

In addition, on June 4, 2015, the Russian food safety authority, Rosselkhoznadzor, banned imports of fish products from Latvia and Estonia, citing breaches of veterinary and sanitary standards.

Gamma-A in 2016 generated EUR 10.099 million in sales, which is two times less than in the previous year, while the company’s loss increased 2.4 times to EUR 2.61 million.

Gamma-A, founded in 1995, has a share capital of EUR 853,600. The company's sole owner is Gamma Holdings A.O.I.