President Vladimir Putin said during a joint press conference with Greek Prime Minister Alexis Tsipras that Russia cannot make exceptions to the embargo on agricultural products from EU countries. He added that there could be “alternative ways for the Greek products to bypass the embargo” and here they are:
• Greek-Russian joint ventures will be established on Russian territory
• therefore the Greek products will not seem to be product of export/import
• but they will be transported to Russia for processing
This plan was revealed by Greek government sources to media.
Technical details are yet to be discussed to solve the issue.
Greece has been hit especially hard by Moscow’s food ban on EU countries, as more than 40 percent of Greek exports to Russia are agricultural products. In 2013, more than €178 million in fruits and conserves were exported to Russia.
I don’t know how quick Russian and Greek bureaucracy can proceed with this plan and I wonder what will happen with these joint ventures in case the EU lifts sanctions against Russia and Kremlin will consequently lifts its embargo to EU products.
Good to know that our Russian friends will be taste again peaches and strawberries, just to name a few, and warm euros will flow to the pockets of our farmers.