Finnish Farmers' Incomes Falling Due to Low Milk Prices, Russian Food Ban

© Flickr / US Department of AgricultureMexico and Canada won a trade dispute on Monday, and the US may reconsider its current legislation requiring country-of-origin labelling on imported meat products, or face sanctions from its neighbors
Mexico and Canada won a trade dispute on Monday, and the US may reconsider its current legislation requiring country-of-origin labelling on imported meat products, or face sanctions from its neighbors - Sputnik International
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The incomes of farmers in Finland decreased by 40 percent in 2015 and continue to fall, showing the highest downward index in the European Union, which can partially be attributed to Russia's food embargo, media reported Thursday.

Polish farmers and horticulturists protest in Warsaw - Sputnik International
EU Farmers Lose €2.2Bln From Russian Food Ban in Just One Year
MURMANSK (Sputnik) — Finnish farmers' financial position remains difficult and could deteriorate further in the future due to decreasing milk prices, delays in subsidy payments and the Russian food embargo, the Yle broadcaster said, citing the Central Union of Agricultural Producers and Forest Owners (MTK).

Basic incomes among Finnish farmers fell from 16,900 euros ($18,600) in 2014 to 9,700 euros in 2015, according to the MTK. The organization's chairman, Juha Marttila, said that reversal of this trend has not yet been perceived, as cited by the broadcaster.

In 2014, relations between Russia and the European Union, including Finland, deteriorated amid the crisis in Ukraine. Brussels, Washington and their allies introduced several rounds of anti-Russia sanctions over Crimea's secession from Ukraine, accusing Moscow of meddling in the Ukrainian conflict.

In August 2014, in response to the Western restrictive measures, Moscow announced a one-year food embargo on products originating in states that imposed sanctions against it. The ban has since been prolonged.

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