DANISH PORK SECTOR TO LOSE DKK1.6 BILLION IN EXPORTS TO RUSSIA THROUGH MOSCOW BAN
September 1st, 2014
Danish meat industry organisations estimate that Russia’s meat embargo will cost the country’s pig farming industry around Danish Krone DKK 1.6 billion (USD282 million/EUR215 million) in 2014. The industry is becoming increasingly concerned that lost revenue could potentially deepen should the existing trade sanctions escalate in to a full-force trade war in the event of a further deterioration in political relations between the European Union (EU) and Russia over Ukraine.A more fundamental and immediate concern for Danish meat producers and exporters is the ...
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