MOSCOW, September 3 (RIA Novosti) - European farmers, affected by the Russian food ban, will not receive full compensation, German Agriculture Minister Christian Schmidt was quoted as saying by Agence France-Presse.
The minister said he did not want people to get the wrong idea that “there would be one-to-one compensation. There can’t be that.”
However, Schmidt said there would be compensation in the form of support in order to get a better “grip on the market.” He also urged people to consume more.
On August 7, Russia introduced a food ban on imports of foodstuffs from the European Union, the United States, Canada, Australia and Norway. The one-year ban targets meat, fish, dairy, fruit and vegetables among other products.
The food embargo was implemented in response to economic sanctions, imposed on Russia by the United States and the European Union over Russia’s alleged role in escalating the crisis in Ukraine, a claim Moscow has repeatedly denied.
Several countries, including Australia, Austria, Poland and Latvia, have already spoken of the negative impact that the Russian food ban will have on their economies.