Russian dairy ban to cost Ireland €8m in exports
Published 11/08/2014 | 02:30
AGRICULTURE Minister Simon Coveney has revealed the loss to the dairy sector from new Russian ban on imports will be €8m - far less than previously suggested.
The minister is involved in talks at EU level about possible assistance or compensation for producers for the sanctions, known as market measures.
Last week Russia announced a ban on beef, pork, poultry, fish, dairy, cheese and vegetables from the EU and other countries including the US, Australia and Canada.
President Vladimir Putin's retaliation for sanctions against Russia over the Ukraine crisis was expected to be a major blow to the country's dairy industry. Industry figures put the cost of the ban at €70m.
Bord Bia chief executive Aidan Cotter said last week the sanctions would affect €70m worth of exports. But his figures included export bans that had nothing to do with the sanctions against the EU over the Ukraine issue.
Already, a number of Irish meat, pigmeat and seafood products are not accepted in Russia. Mr Coveney said €136m of exports were unaffected and €91m of produce had effectively been stopped.
Mr Coveney said the "additional negative value of the ban" to Ireland was €8.2m and was confident of alternative markets being found for the produce.
"We can certainly take up the slack from what we lost in Russia," he said.