Russian boycott set to cost Dutch EUR 300m and affect 5,000 jobs

19th August 2014, Comments 0 comments

Russia’s boycott of Dutch goods will have an impact on thousands of jobs and will cost the economy millions of euros, the national statistics office CBS said on Tuesday.

The CBS calculates 5,000 jobs relate directly to exports to Russia and that last year the Netherlands earned EUR 300m directly from Russian trade.

On Monday, the EU announced Dutch fruit and vegetable growers will benefit from a EUR 125m compensation package  following the imposition of the import ban.

The money will go to compensate growers for not harvesting or removing produce from sale, farming commissioner Dacian Ciolos said.

Dutch junior farm minister Sharon Dijksma has welcomed the move. ‘This is the right step and something the Netherlands has been urging within Europe,’ she said.



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