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EU Confirms Baltic States €28 Million Support

20 November 2014

EUROPE – A support package worth €28 million has been confirmed for Baltic dairy farmers by the European Commission.

Funding is based on respective production levels within Estonia, Latvia and Lithuania for 2013/14 in response to the Russian import ban on selected agricultural products.

The pot is to be split with €6.9 million heading to Ukraine, €7.7 million for Latvia and €14.1 million for Lithuania.

Russia’s sanctions have a “significant impact” on these states in particular, with many farmers seeing businesses stretched, said agriculture and rural development commissioner Phil Hogan.

He added: “When we look at the share of national production previously exported to Russia and the drop in prices since the start of the crisis, we see that the dairy sectors in Latvia, Lithuania and Estonia have been particularly adversely affected.

“I am pleased, therefore, that the Commission intends to provide support in the form of a financial envelope for each of the three countries which will support those dairy farmers which, as a result of the Russian ban, are encountering liquidity problems in exceptional circumstances."

A management committee meeting takes place today (November 20) to discuss the measure with national experts before the scheme is adopted.

 

TheCattleSite News Desk



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