EU farmers handed 125 million to offset Russia sanctions

EU farmers will get financial help of up to €125 million to help them cope with the impact of Russia's ban on most Western food imports, which has created a glut of fruit and vegetables in peak harvest time, the European Commission said on Monday (18 August).

Russia has declared a one-year embargo on meat, fish, dairy, fruit and vegetables from the United States, the European Union, Canada, Australia and Norway in retaliation for Western economic sanctions over Moscow's actions in Ukraine.

The Commission said it was drawing on provisions in the reformed Common Agricultural Policy (CAP), which includes an emergency reserve of some €420 million in total to compensate for market disruption.

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