The European Union has been granted a panel at the World Trade Organization (WTO) to address complaints Russia's ban on EU pork imports.
World Trade Organization
© Reuters/Scanpix

According to the German website Agrarheute.com, it is expected that by next spring, the EU will be able to introduce punitive tariffs on Russian products to compensate for the losses due to the import ban.

Algis Baravykas, head of the Lithuanian Pig Growers' Association, said that it is difficult to calculate how much revenue Lithuanian pig growers have lost since Russia banned pork imports from the EU.

"Meat exports to Russia last year amounted to around 120 million litas (EUR 35m). Based on last year's levels, the volume [of exports] during that half-year should amount to 70 million litas. Certainly, that does not mean a 70-million-litas loss, because meat was sold elsewhere. It is not easy to calculate that loss," he told BNS.

At the WTO dispute settlement body's meeting in mid-July, Russian diplomats used their right to block the EU's request to set up the panel, but the panel was authorized after the EU made a second request.

Russia imported 1.4 billion euros worth of pork from the EU in 2013. Brussels has said that the sector is losing 4 million euros a day because of the ban.

BNS
Naujienų agentūros BNS informaciją skelbti, cituoti ar kitaip atgaminti visuomenės informavimo priemonėse bei interneto tinklalapiuose be raštiško UAB "BNS" sutikimo neleidžiama.

Lithuania drops to 23rd place on EU's Gender Equality Index

Lithuania fell to number 23 among the EU's 28 member states in the latest ranking by the European...

Karbauskis delegated to Seimas leadership

The ruling Lithuanian Farmers and Greens Union has decided to delegate Ramunas Karbauskis , its...

Polish citizens in Lithuania backed opposition in election in Poland

Almost 1,000 Polish citizens cast their votes in the Polish parliament election in Lithuania on...

Government to hold meeting on whether to establish Ethnic Minority Council

Lithuania's government is set to hold a meeting on Monday to discuss the need to establish an Ethnic...

Grenade neutralized on Nida beach

A dangerous grenade was found on the beach in Lithuania's western resort town of Nida on...