The European Union is getting ready 100 million euros ($109.32 million) of compensation for farmers in nations bordering Ukraine and plans to introduce restrictions on imports of Ukrainian cereals, a European Commission spokesperson mentioned on Wednesday.
Pressure has been mounting on Brussels to work out a European Union-wide resolution after Warsaw and Budapest introduced bans on some imports from Ukraine on the weekend. Other nations in Eastern Europe are additionally contemplating motion.
The Commission, which oversees commerce coverage within the 27-nation European Union, will take what it described as “preventative measures” for particular classes of grain and oil seeds – primarily wheat, maize, sunflower seeds and rape seed.
Under EU guidelines, the European Union can restrict the import of merchandise into the entire or a part of the bloc whereas nonetheless permitting transit.
European Trade Commissioner Valdis Dombrovskis is ready to debate the plans afterward Wednesday with ministers from the affected nations – Bulgaria, Hungary, Poland, Romania and Slovakia – in addition to with Ukrainian counterparts.
Source: www.dailysabah.com
