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Bulgaria: Russia sanctions hit peach exports hard01:43

Bulgaria: Russia sanctions hit peach exports hard

Bulgaria, Sliven
August 9, 2014 at 13:41 GMT -00:00 · Published

Bulgarian fruit production employees expressed concern during interviews given in Sliven on Saturday over retaliatory sanctions imposed on western agricultural markets by Russia that have negatively impacted trade.

One producer, Zhivka Grozdeva, said that if the sanctions continue to block the market until the end of 2015, manufacturers will need to try and sell their products in the small and overly competitive internal market.

Kosta Petrov, Chairman of Bulgarian Peach Ltd, said that 20-30 tonnes of his peaches are rotting as they were meant to be sold in St. Peteresburg and now remain in storage. He added that his company will suffer huge losses and will not receive compensation from the Bulgarian government or the European Union.

According to the Bulgarian Ministry Economy, 2.6 percent of all Bulgarian exports went to Russia in 2013. Agricultural and food product exports to Russia comprise 9.3 percent of total Bulgarian exports.

Bulgaria: Russia sanctions hit peach exports hard01:43
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Description

Bulgarian fruit production employees expressed concern during interviews given in Sliven on Saturday over retaliatory sanctions imposed on western agricultural markets by Russia that have negatively impacted trade.

One producer, Zhivka Grozdeva, said that if the sanctions continue to block the market until the end of 2015, manufacturers will need to try and sell their products in the small and overly competitive internal market.

Kosta Petrov, Chairman of Bulgarian Peach Ltd, said that 20-30 tonnes of his peaches are rotting as they were meant to be sold in St. Peteresburg and now remain in storage. He added that his company will suffer huge losses and will not receive compensation from the Bulgarian government or the European Union.

According to the Bulgarian Ministry Economy, 2.6 percent of all Bulgarian exports went to Russia in 2013. Agricultural and food product exports to Russia comprise 9.3 percent of total Bulgarian exports.

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