New EU sanctions will have big impact on Russian dairy

Published 2023년 7월 25일

Tridge summary

The European Council has adopted a new sanctions package aimed at closing loopholes that allow prohibited goods to reach Russia. The package could have a negative impact on the Russian dairy industry, as the EU may impose restrictions on companies involved in circumventing sanctions. The restrictions include prohibiting the sale of machinery, polymers, and other packaging materials to Russia, and will take effect on September 25, 2023.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

To continue reading the article, log in with your account or sign up for MilkPoint. Get access to exclusive content! The newest 11th Russian sanctions package adopted by the European Council on 06/23 could have a big impact on the Russian dairy industry, Roman Chuybak, liaison manager for authorities at the Russian association of dairy producers, Soyuzmoloko, told local news agency Milk News. The aim is to close loopholes so that goods and technology prohibited by previous sanctions do not reach Russia through nations that trade with the EU. The European Council said that thanks to the additional measures, it would ensure that the restrictions "are even better applied and implemented, building on lessons learned from implementation over the past year". “The skyrocketing trade numbers for some very specific products and for some countries indicate that Russia is actively trying to circumvent sanctions. This requires us to ...

Source: Milkpoint