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Greek losses from Russian ban to top 178 million euros

Greece will lose about 178 million euro over Russia’s ban on imports of Greek agricultural produce, according to New Democracy MEP, Manolis Kefalogiannis.

The losses stem from Russia’s response measures to the European Union’s policy against Russia over the situation Ukraine, local media quoted him as saying.

In his inquiry to the European Commission, Manolis Kefalogiannis, leader of the group of Greek members of the European Parliament with Greece’s New Democracy party, asked to say when relevant provisions on compensations to Greek farmers would be applied.

Apart from that, he noted that the reduction of agrarian workers would create additional burden on the Greek economy.

Along with farmers, Greek shipping companies are also demanding compensation for considerable losses from Russia’s ban.