Hungary because of the sanctions regime Between the European Union and Russia lost almost 50% of exports to the Russian Federation for the 1st half of this year, said Minister of foreign Affairs of Hungary Peter Siarto on the sidelines of the informal meeting of Ministers of foreign Affairs of the 28 EU countries in Luxembourg.
"Resolving the fall in Ukraine ? in the interests of both Ukraine and Russia, and the CIS States, and, of course, the EU because of what is happening there harm Europe, both political and economic. For example, Hungary has lost almost 50% of exports to the Russian Federation in the first part of the current year ", ? he said, reports news Agency Szijj?rt? said that the EU for its prosperity need pragmatic and strategic engagement with Russia on the basis of " mutual respect international law." The Minister drew attention that nourishes the hope for the restoration of relations Between the EU and Russia to 2016." I very much hope that the Minsk agreement will be executed by all parties, and we will be able to open a new Chapter in our bilateral relations. If we don't renew them, we will lose a very important factor of our strength and competitiveness, " ? drew the attention of the head of the foreign Ministry of Hungary. September 3, Vice-President for Europe of the General Confederation of Italian industry Ñonfindustria Lisa Ferrarini said that because of the sanctions war between Russia and the West to Italy in 2015 will lose 3 billion euros due to the decrease in exports.
On August 26, the European Commissioner for agriculture Phil Hogan said that the extension of Russia for the year embargo on agricultural products from the EU will create problems for those member countries of the EU, which until now have not felt any serious damage from these measures. However, the German-Russian foreign trade chamber (AHK), citing its survey organizations, said that the punishment of the West against the Russian capital is inefficient. In June, the EU Council formally extended punishment against Russia for another six months ? until 31 January 2016. In addition, on 19 June, the Council of the European Union officially confirmed the extension of sanctions on Crimea and Sevastopol until June 23, 2016. In the Ministry of foreign Affairs of the Russian Federation said that Moscow is disappointed by the decision of Brussels on the extension of economic sanctions against Russia, noting that the EU is deliberately ignoring the fact that the extension of restrictive measures will result in the loss of jobs to hundreds of thousands of Europeans. The Russian President Vladimir Putin, for his part, said the signing of the decree on the extension of protective measures from 6 August 2015, and the Cabinet of Ministers of Russia issued a decree on the renewal of countermeasures relative to the countries that supported anti-Russian punishment.

sections: Politics