In addition, 130,000 jobs would be involved, writes Financieel Dagblad Tuesday, based on a study by ING, which will appear later this week.
The direct damage estimated at ING around 5.2 billion euros. The report is in addition to the direct damage for export also looked at the impact on prices, brokering and transport.
The damage may be even greater higher if one looks at the implications for exports to Ukraine, ING.
In the Netherlands, ING estimates the direct and indirect damage to about 937 million. The Netherlands exported last year to 526 million now boycotted goods to Russia.
Jobs
Last week, ING has the Russian boycott of food from the European Union to 10 000 Dutch jobs can cost. Especially in agriculture, food industry and parts of the transport sector will import ban clearly perceptible.
In the first five months of the year was the economic damage caused by the crisis in Ukraine already felt. The Netherlands exported until May 10 percent less to Russia compared with the same period a year earlier. The economic sanctions, which Russia has now set puts exports to the country under further pressure.
Support
The European Commission proposed Monday 125 million euros for the European growers affected by sanctions of Russia and the Russian import ban on their products.
The Russian import ban remain gardeners with unsaleable stocks fruits and vegetables are, while market prices have fallen. European aid to help them cope with the consequences
Trade Associations and State Secretary for Economic Affairs Sharon Dijksma responded positively to the measures from Brussels
Background:.. “Food Exporters should by acid apple back to bite ‘
Overview EU sanctions against Russia | Overview EU sanctions against Russia | Large companies warn of sanctions
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