Russia could soften food embargo for Hungary and Greece

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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.

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