The EU’s third Party oral statement is are now available.
The value of EU agri-food exports increased by €1 billion between November 2016 and November 2017 to €12.7 billion, according to the latest monthly trade report from the European Commission. With monthly agri-food imports of around €10 billion, the monthly trade balance in agri-food products remains around €2.7 billion.
In early 2014, Russia violated international law by annexing Crimea and allegedly fomenting separatist uprisings in the eastern Ukrainian region of Donbas. The European Union, the United States and several other Western countries responded with diplomatic measures in March 2014, followed by asset freezes and visa bans targeted at individuals and entities. In July 2014, sanctions targeting the Russian energy, defence and financial sectors were adopted. These sanctions have not swayed Russian public opinion, which continues to staunchly back the Kremlin’s actions in Ukraine. Despite Western efforts to isolate Russia, the country is playing an increasingly prominent role on the global stage. On the other hand, sectoral sanctions have proved painful, aggravating an economic downturn triggered by falling oil prices, from which the country has only just begun to recover.
A summary of the committee’s consideration of the draft report is now available.