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Bulgarian Minister of Agriculture and Food said that Bulgarian agricultural sector has lost 300 million leva ($167 million at current exchange rates) since Moscow introduced a food embargo against the EU agricultural sector.

Sofia Lost Some $167Mln Since Russian Food Embargo Implemented

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Russia Responds to Western Sanctions (202)
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Bulgarian Minister of Agriculture and Food said that Bulgarian agricultural sector has lost 300 million leva ($167 million at current exchange rates) since Moscow introduced a food embargo against the EU agricultural sector.

MOSCOW (Sputnik) — Bulgarian agricultural sector has lost 300 million leva ($167 million at current exchange rates) since Moscow introduced a food embargo against the EU agricultural sector, Bulgarian Minister of Agriculture and Food said.

"Since the beginning of the Russian [food] embargo in August 2014 by January 2016 Bulgarian agricultural sector lost some 300 million leva," Desislava Taneva said Sunday in an interview with the Bulgarian National Radio.

According to Taneca, the sum consists of the income unreceived because Russia's market is closed for Bulgarian agricultural products, as well as of the lost revenues because of the fall in prices in the internal market due to oversupply.

The European Union and some other Western countries accused Moscow of fuelling the Ukrainian crisis, and imposed economic sanctions against it.

The Russian authorities have refuted the allegations, warning that the Western sanctions are counterproductive. In response to the Western restrictive measures, in August 2014, Russia announced a one-year food embargo on some products originating in states that imposed sanctions against it. The ban has since been extended for another year.

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Russia Responds to Western Sanctions (202)
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sanctions, economy, Russia, Bulgaria
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  • ron
    I say, good news.
  • Athanasios
    Bulgaria was forced to abandon the Russia-Bulgaria-Greece pipeline from Burgas to Alexandroupoli in 2011 after pressure from the usual culprits.
  • siberianhusky
    Drop your Bulgarian sanctions NOW and you might recoup some of your loses. And too hell with what the EU and America says.Wait for Americas approval down the road (maybe) and you might never get any of that business back.
    Teaches you a lesson that the EU, NATO and America are not the promised land as they like to sell them selves.

    Old saying that says they sell the sizzle (smell) but not the steak
  • Pentagonisabeast
    You made your bed,you lie on it.You will have to learn the hard way.Next time don't blindly follow the jewish led Washington.Now you might need to know that because of your stupid decision,Russia has overtaken your countries as a net Agricultural supllier
  • belgradetower
    Mr. Borisov, how many more times Bulgarian gov will pursue foreign interests instead of
    interests of their own nation? You dumped the who whole history between Bulgaria and Russia down the drain overnight, only to serve big brother??? Where was your common sense Mr. Borisov?
  • Ann
    Well maybe y'all will think about this next time those sanctions come up for a vote...
  • Ann in reply toAthanasios(Show commentHide comment)
    Athanasios, Then perhaps it's time they stood up for themselves and told "the usual culprits" to pound sand.
  • Huh?in reply toAnn (Show commentHide comment)
    sixpack6t9,
    And that is the point. None of them drop the sanctions, but keep bitching about what they have lost in revenue. If it is such a massive problem for the respective countries...do something...open up the communication and end the stupidity.
  • Athanasiosin reply toAnn (Show commentHide comment)
    sixpack6t9, that's right.
  • michael
    keep counting
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