14-08-2014 02:22 AM | Greece

Greek farmers hit hard by Russian sanctions against EU produce

A week after Russia banned European Union food imports in a tit-for-tat move for sanctions imposed over Ukraine, Greek farmers say the embargo has already dealt a devastating blow to the country's agricultural economy.

At least 3.5m kg of peaches aloneare said to have rotted in fridge trucks turned back from Russia, and fruit producers have warned of calamity for a sector highly dependent on the market.

"Russia absorbs more than 60% of our peach exports and almost 90% of our strawberries," said Christos Yannakakis, who presides over Greece's largest regional association of growers and cooperatives.
Full Story : The Guardian