€ 4 mln for loss of cit­rus sales to Rus­sia

Financial Mirror (Cyprus) - - FRONT PAGE -

Cyprus farm­ers are ex­pected to get about EUR 4 mln in com­pen­sa­tion from the EUR 165 mln EU emer­gency fund for the with­drawal of 19,220 tonnes of cit­rus fruits, due to the Rus­sian em­bargo, ac­cord­ing to Agri­cul­ture, Nat­u­ral Re­sources and En­vi­ron­ment Min­is­ter Ni­cos Kouyialis.

The to­tal value of farm goods to Rus­sia were es­ti­mated in the re­gion of EUR 13 mln, sug­gest­ing this will be the loss for Cypriot farm­ers dur­ing the year-long em­bargo impsed by Rus­sia in re­ac­tion to EU and western sanc­tions over the cri­sis in Ukraine.

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