The European Union is planning to negotiate with some Latin America countries, with Brazil and Chile in particular, in order to dissuade these nations to export their agricultural products to Russia, The Financial Times reports citing a EU official.
According to the media, Brazil’s government instructed 90 new meat-packing plants to start exporting consignments of chicken, beef and pork to Russia. Chile, in its turn, cannot wait to enjoy benefits from the embargo on fish imports from the EU that has been imposed by Russia recently. An anticipated boom in Latin American agriculture “caused concerns in Brussels”, The Financial Times says.
"We will be talking to the countries that would potentially (replace) our exports to indicate that we would expect them not to profit unfairly for the current situation," a senior EU official said Monday at a briefing on the Ukrainian crisis.
The official stated that some firms might sign new agreements with Russia. But it will be difficult to find an excuse for those nations who will seize upon the current situation and take places of the EU, U.S., Norway, and Australia.
FX.co ★ EU to talk out Latin America of exporting to Russia
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