Russia could exempt Hungarian companies from food ban

Food

Russia could exempt approximately fifteen Hungarian firms from its embargo on food imports from the European Union, a senior Russian official told Interfax news agency yesterday, according to Hungarian news agency MTI. 

Head of Russiaʼs federal veterinary service Sergei Dankvert said the ban could be lifted for the Hungarian companies as well as a handful of Greek and Cypriot producers, about twenty companies in all, Interfax added.

Russia introduced the ban on food imports from the EU last August in response to Western sanctions imposed on Moscow regarding its role in the Ukraine crisis. As a result, several food producers were denied access to the large Russian market.

The Hungarian economy has reported losses of nearly €300,000 a day due to the embargo, according to Slovak business daily Hospodarske Noviny which interviewed Hungaryʼs minister for foreign affairs and trade last October.

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