EUR 28 million for Baltic milk producers
This new package will be the latest in a series adopted by the European Commission in response to the Russian ban on the importation of certain EU agricultural products.
The Commissioner for Agriculture and Rural Development, Phil Hogan, said he is very conscious of the significant impact that the Russian ban has had on dairy producers in the three Baltic countries given their exposure to the Russian market and the drop in prices.
"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."
He said the Commission's financial envelope will support the dairy farmers of the three countries who are encountering liquidity problems as a result of the Russian ban.
Estonia will be provided EUR 6.9 million, Latvia will be given EUR 7.7 million, and Lithuania gets EUR1 4.1 million, based on their respective 2013/2014 milk production levels within national quotas. ■