The negative effects of sanctions Russia towards the EU – “What’s happening?”

The negative effects of sanctions Russia towards the EU – "What's happening?"

Soviet store

According to preliminary estimates of the European Union, the losses for each of the member states of the measures taken by Russia in response to the EU sanctions will range from 0.5 billion to 1 billion euros. Referring to the British newspaper The Guardian, exports to Russia of raw materials and products in 2013 amounted to 12.2 billion euros. Thus, Russia is the second largest market for foodstuffs in Europe.

Scotland

As the above-mentioned publication, the UK will suffer not as much as other countries of the European Union as the main items of exports to Russia – coffee, cheese and frozen fish. Unlike Scotland, which, according to the head of the Scottish Fisheries Federation Mr. Armstrong will suffer a number of problems. He noted the importance of the Russian Federation as a market fish and encouraged the State to negotiate. For your information, every year frozen fish export to Russia from Scotland more than 21 million. Euros. Nevertheless, the Scottish support the introduction of EU sanctions against Russia and assure that only 1 percent of the market will suffer.

France

Export of agricultural products from France to Russia amounted to 1.2 billion euros for 2013. As the head of the National Federation of Fruit Growers Mr. Barbier, suppliers of this product it will suffer the most.

Germany

Food exports from Germany to Russia last year amounted to 1.6 billion euros. Summary stat- meat and dairy products. Consoling factor is that the sanctions will not get wine, coffee products, confectionery and vehicles, chemical industry and mechanical engineering.

Spain

Export of fruits, vegetables, meat and seafood in Spain Russian Federation in the past year has grown, reaching 581 million euros. Spain therefore can lose huge amounts of money due to the imposition of sanctions in Russia. Negative sanctions can have an effect on the tourism industry.

Denmark

According to statistics from the National Institute of Statistics Denmark, in 2013, food exports to the Russian Federation amounted to 891 million dollars. But Danish experts believe that the government will find a way to carry out the sale of goods.

Finland

About 10 percent of Finland’s exports go to Russia. In this regard, the Prime Minister, Mr. Stubb fears the economic crisis, although support EU sanctions against Russia, as the latter, according to him, in violation of international law. He also believes that if the EU sanctions against Russia hurt the economy of a particular country, it is entitled to compensation. According to Mr. Stubb, Finland would be forced to resort to the help of EU member states in the event of adverse effects of sanctions on the part of Russia.