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Putin’s plan to bypass embargo for Greece’s agricultural products

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.

 

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4 comments

  1. • Greek-Russian joint ventures will be established on Russian territory

    • therefore the Greek products will not seem to be product of export/import

    That sounds to me like Greece being in Russia.

    • “That sounds to me like Greece being in Russia”

      It would if you are determined to “see” it that way. It would mean that USA is also “in Russia” through arctic drilling contracts like Exxon’s, among others. Quick, better tell Obama!

      • keeptalkinggreece

        shhhhh…

      • Not to mention the joint project (announced last February)between Daimler (Germany) and KAMAZ (Russia) for the production of “truck-parts” in Russia and Belarus. For those who don’t know, KAMAZ is the manufacturer of almost all Russian military vehicles, including armoured tanks… And on that note, when commenting on the EU sanctions against his country, Siergey Chemezov, a CEO of Rostec (Russia’a main arms dealer), stated

        no significant economic joint project with EU had been suspended

        Just don’t sell them food, guns are ok though. So, who is actually NOT affected by “the sanctions”? Funnily enough Germany, the UK and France, the 3 largest EU economies, and the all within the top-five of arms exporting countries in the world…
        Who are badly affected by this? Well, the minions of course, with Lithuania losing 44% of its total export market, Estonia losing losing 16%, Latvia losing 14% and the accidental casualty, goodie goodie Finland losing 40%. No doubt, the Finnish ability to brown nose the EU at every possible opportunity will have resulted in some serious compensation for their loss, as it did with the Belgians…