EC to help counter effects of Russian embargo

The European Comission confirms the negative impact of Russian embargo on the European economy. There will be losses, but smaller, than it was firstly assumed, the EC said. Still, sanctions are expected to result in losses bigger than €5.2 billion. Lithuania will experience the most devastating losses, with €900 million of export last year. Poland follows, with €850 million, consisting of losses from pork, fruit and vegetables trade. Severe effects of the sanctions will also affect Germany (€850 million), the Netherlands, Denmark, Spain, Finland, Belgium and France. Fortunately, the European Commission has preliminarily agreed to support Polish apple producers with compensations for the losses expected. Polish Minister of Agriculture is asking for  support also for the country's pepper, cabbage, mushroom, cherry and tomato producers.