Russia could soften food embargo for Hungary and Greece
Russia is reportedly seeking to explore ways of softening the embargo against food from Hungary and Greece, to be consistent with WTO norms, Russian news agency TASS quoted minister of economic development Alexey Ulyukayev as saying on Monday.
"We need to find a decision consistent with WTO norms. It is impossible to simply make exceptions for particular countries," the Russian minister was cited as saying. "I cannot rule out that we can even partly resort to unilateral measures if our partners properly perceive them," the minister said with respect to possibilities for lifting the food embargo.
According to Hungarian news agency MTI, the Hungarian economy has suffered losses of nearly €300,000 a day as a result of the embargo Russia introduced in reaction to European sanctions last summer, Hungary's minister for foreign affairs and trade said in an interview with Slovak business daily Hospodarske Noviny published in October last year.
ADVERTISEMENT
Technical Recession Ends, KSH Confirms
India's G20 Presidency, Dawn of New Multilateralism - Narend...
Production Resumes at Ganz's Szolnok Plant
TikTok Commits to Improved Consumer Communication in Hungary
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
