Russia Says EU Sanctions Cost Greece Huge Losses in Exports, Farm Goods

April 11, 2021

Russia has claimed that European Union sanctions for its backing of rebels in Ukraine were costly to the bloc but also to Greek exports, especially farmers and the agricultural sector.

The Russian news agency TASS based that on what it said were comments by Greece’s Deputy Foreign Minister Miltiadis Varvitsiotis who was reported to have said it in a meeting with Ukrainian Ambassador Sergei Shutenko.

"Varvitsiotis pointed out that our country had to pay huge economic price in terms of exports to Russia, as a result of European sanctions against Russia," the press service said, citing Greece’s foreign ministry.

The Greek diplomat also stressed that his country "supports the Minsk process of Ukrainian reconciliation," adding that all international issues should be solved through dialogue and following international law, the report added.

Pantelis Skarlatos, President of the Hellenic-Russian Chamber of Commerce told TASS in late March the sanctions should be cancelled, claiming that EU-Russia trade turnover, which stood at $417.66 billion in 2013, shrank to $277.79 billion in 2019.

"This trade deficit of $140 billion harms the economies of our states, it’s the money eventually lost by the peoples of Russia and Europe. Given the total sum of money lost by the trade as a result of seven years of sanctions and countermeasures, the amount of damage looks enormous. As a businessman, I personally think that sanctions and embargoes do serious damage to the economies of the European Union and Russia, to the well-being of our peoples," he said, according to the news agency.

"Let me remind you that the last full year of exports to Russia was 2013. At that time, exports of Greek fruits and vegetables to the country exceeded 160 mln euro. For example, deliveries of sweet cherry to Russia made up 52% of Greece’s total exports of this fruit. Russia accounted for 64% of all strawberry exports, 40% of all Greek peach exports, and so on. In certain areas of the country, the damage done to farmers as a result of the embargo is irreparable, despite support measures taken by the EU," Skarlatos said.

"The consequences of this are yet to be fully assessed. Hopefully, the sanctions will be lifted as soon as possible. I’m not a politician to tell you when, but, as a businessman, I can say that economic losses on such a large scale entail catastrophic consequences for our economies and peoples," he also said.


ATHENS - Greek public debt totaled 357,295 billion euros at the end of the third quarter of 2021, from 337,666 billion in the corresponding period in 2020, Hellenic Statistical Authority said on Friday.

Top Stories


BOSTON – The Holy Synod of the Patriarchate of Alexandria in its recent meeting dealt with the ecclesiastical coup perpetrated by the Patriarchate of Moscow in its canonical jurisdiction, calling it an “immoral invasion and intrusion.


NEW YORK - Some 21 years after it was destroyed in the September 11, 2001 terrorist attacks in the United States that brought down the Twin Towers in New York City, the new St Nicholas Greek Orthodox Church rising in its place is among the most eagerly awaited architectural openings of 2022.


STATEN ISLAND, NY – For yet another year, the community of Holy Trinity-St Nicholas in Staten Island honored couples celebrating 50+ years of marriage with a modest ceremony held at the church immediately following the Divine Liturgy on January 16.


1 NYPD Officer Killed, 1 Severely Injured in Harlem Shooting (Vid)

NEW YORK (AP) — A New York City police officer was killed and another critically wounded Friday night while answering a call about an argument between a woman and her adult son, officials said, making four officers shot in the city in as many days.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.