November 21, 2014

EU prepares Russian aid package for Baltic milk producers

The European Union (EU) outlined a 28-million-euro (US$35 million) support package for milk producers in three Baltic countries in response to a Russian embargo, Xinhua reports.

Russia introduced on August 7 a ban on livestock food products including milk from the EU, Norway, the United States, Canada and Australia in retaliation to the EU measures sparkedby the Ukrainecrisis.

The amount of support being provided to each of the three countries is 6.9 million euros (US$8.6 million) for Estonia, 7.7 million euros (US$9.6 million) for Latvia and 14.1 million euros (US$17.6 million) for Lithuania, based on their respective 2013/2014 milk production levels within national quotas.