EU state admits Russian counter-sanctions damaged trade as reciprocal measures brought through the Kremlin in reaction to anti-Russian sanctions have severely hit mutual alternate between Moscow and Athens, with Greek exports to the usa reportedly halved during the last seven years.
“Russian counter-sanctions have bashed Greek exports, that have been cut in half due to the fact that 2014. This is mainly the case for clean fruit, vegetables, fish and dairy merchandise,” Varvitsiotis Miltiadis, Greece’s exchange minister of foreign affairs, said in an interview with TASS.
According to the reputable, Greek producers are currently ramping up their efforts to growth the proportion of the usa’s products within the Russian market with the aid of boosting sales of other goods that are not difficulty to sanctions.
EU state admits Russian counter-sanctions damaged trade
The Russian government placed an import ban on a number of food merchandise from EU member states in 2014, after family members between Moscow and Brussels dramatically declined due to economic sanctions delivered via the EU in opposition to Russia. The step has drawn harsh complaint from residents and agencies in each Russia and the EU, and sparked a wave of protests amongst European farmers.
EU state admits Russian counter-sanctions damaged trade
“Tourism is of unique importance to us because it enables to reduce the significant trade deficit we've with Russia, our traditional supply of strength and grains,” Miltiadis stated.
The diplomat added that Greece couldn’t welcome as many Russian site visitors because it used to in latest years, because of Covid-associated regulations. However, the us of a’s hoteliers desire for a quick recovery in tourist numbers from Russia.
EU state admits Russian counter-sanctions damaged trade
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Russians are going crypto loopy
The overall annual extent of cryptocurrency transactions via Russian citizens quantities to $five billion, according to the present day information with the aid of the country’s relevant financial institution.
In its clean overview of monetary stability posted on Thursday, the regulator said that Russians are many of the international’s maximum active members in the cryptocurrency marketplace, including in terms of visits to the Binance crypto exchange. The regulator referred to estimates from the most important Russian banks surveyed in July 2021.
The central bank’s professionals highlighted investor enthusiasm for generation, including blockchain, smart contracts, decentralized finance, and stablecoins.
The Bank of Russia, however, mentioned important risks related to the crypto industry, and stated it'd be closely tracking the market.
“The courting among virtual currencies and the economic quarter stays restricted in the meanwhile. However, the rapid growth and the sizeable adoption of digital currencies would pose better dangers both globally and for the Russian monetary market.”
Earlier this 12 months, the crucial financial institution warned people to influence clean of dealing in cryptocurrencies, cautioning that it turned into always unstable, particularly for unprepared buyers.