16:13 GMT +318 July 2019
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    French Pig Famers Count the Cost of Russian Embargo

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    According to the head of the French pig breeding federation, French pork producers lose 20 euro cents ($0,22) per kilogram of production because of the Russian food embargo.

    BRUSSELS (Sputnik) French pork producers lose 20 euro cents ($0,22) per kilogram of production because of the Russian food embargo, the head of the French pig breeding federation, Paul Auffray, said.

    "It is calculated that the embargo costs French farmers 20 euro cents per kilo," Auffray said as quoted by the by Belgium’s RTBF broadcaster.

    He added that the Russian embargo led to a decline in pork prices on the European market. Besides, the French manufacturers have to sell some production, that was to be consumed in Russia, to China at lower prices.

    In June, the Russian government announced a one-year extension of Moscow's ban on imports of certain food products from countries that have imposed sanctions against Russia.

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

    According to Austrian Institute of Economic Research study, issued last month, the European Union could lose up to $114 billion due to the anti-Russia sanctions if things remain unchanged.


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