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Russian Food Embargo Highlights Ineffectiveness of EU Agricultural Sector

© AFP 2023 / SEBASTIEN BOZONRussia’s ban on food imports from the EU destabilized European food markets, French daily Le Croix reported.
Russia’s ban on food imports from the EU destabilized European food markets, French daily Le Croix reported. - Sputnik International
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Russia’s ban on food imports from the EU destabilized European food markets, French daily Le Croix reported.

Vladimir Chizhov - Sputnik International
West Looking for Ways to Bypass Russian Food Embargo - Chizhov
Last year, the Russian government banned imports of certain food products coming from a number of European countries in response to anti-Russian sanctions imposed earlier by the United States and the EU.

The list of products, first prohibited to be imported in Russia in August 2014, comprises meat, poultry, fish, seafood, dairy products, fruit and vegetables.

As a result, French food producers, in particular, felt the negative impact of these economic measures.

"In 2014, retaliatory measures taken by Russia caused France to decrease the export of agricultural products by 23 percent, then it accounted to €585 million compared to €760 million in 2013," Le Croix reported.

And this year, France is seeing a severe drop in the sales of French meat, poultry and dairy products. In the past, these products were sold in the Russian market.

Pigs on Plateau du Semnoz - Sputnik International
French Pig Famers Count the Cost of Russian Embargo
The Russian food embargo coincided with one of the worst moments for the French economy and further aggravated an internal crisis in the country. The ban caused the overproduction of food within European markets that led to a sharp decline in food prices. Low food prices in turn caused a crisis in the agricultural sector.

In other words, the Russian embargo highlighted profound difficulties within the French agricultural sector, its inability to survive when commodity prices constantly fluctuate and the country can't maintain price stability to support domestic manufacturers, the newspaper said.

In June, the Russian government announced a one-year extension of the food embargo, following the EU's decision to extend sanctions against Russia.

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