{"id":267847,"date":"2013-12-16T15:44:11","date_gmt":"2013-12-16T15:44:11","guid":{"rendered":"http:\/\/new.moldova.org\/2013\/12\/16\/moldova-russia-wine-war-causes-losses-of-20-million-240668-eng\/"},"modified":"2013-12-16T15:44:11","modified_gmt":"2013-12-16T15:44:11","slug":"moldova-russia-wine-war-causes-losses-of-20-million-240668-eng","status":"publish","type":"post","link":"https:\/\/www.moldova.org\/en\/moldova-russia-wine-war-causes-losses-of-20-million-240668-eng\/","title":{"rendered":"Moldova-Russia 'wine war' causes losses of $20 million"},"content":{"rendered":"Reading Time: <\/span> < 1<\/span> minute<\/span><\/span>

Moldovan winemakers will have losses of $20 million as a result of the embargo imposed by Russia in September this year. The numbers were made public in a press conference on Monday by Moldovan Agriculture Minister Vasile Bumacov.<\/p>\n

The data of the National Bureau of Statistics show that Moldovan exports to Russia have decreased by 30% in October 2013, which experts evaluate as a dramatic drop.<\/p>\n

Exports to Russia dropped by 13% in September 2013.<\/p>\n

Although authorities in Moldova claim that they are conducting negotiations with their Russian counterparts to resume wine trade, Russia did not give a clear date when it is likely to import wine again.<\/p>\n

In support of the Moldovan winemakers and economy in general, the European Union approved a regulation that will lift any import quotas for wines originating from Moldova. The move is designed to increase the amount of wine imported from the republic and will be enforced from January 1, 2014.<\/p>\n

“We will take measures to resume exports on Russian market, but we should also make everything possible to make the most of the opportunity given by the European Union,” Vasile Bumacov said.<\/p>\n

Wine is Moldova’s top export product which sustains a major part of the economy. Russia was until recently Moldova’s main export destination for such goods. <\/p>\n","protected":false},"excerpt":{"rendered":"

Reading Time: <\/span> < 1<\/span> minute<\/span><\/span>Moldovan winemakers will have losses of $20 million as a result of the embargo imposed by Russia in September this year. The numbers were made public in a press conference on Monday by Moldovan Agriculture Minister Vasile Bumacov.<\/p>\n","protected":false},"author":3,"featured_media":267846,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-267847","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"content_social_share":"Reading Time: <\/span> < 1<\/span> minute<\/span><\/span>

Moldovan winemakers will have losses of $20 million as a result of the embargo imposed by Russia in September this year. The numbers were made public in a press conference on Monday by Moldovan Agriculture Minister Vasile Bumacov.<\/p>\n

The data of the National Bureau of Statistics show that Moldovan exports to Russia have decreased by 30% in October 2013, which experts evaluate as a dramatic drop.<\/p>\n

Exports to Russia dropped by 13% in September 2013.<\/p>\n

Although authorities in Moldova claim that they are conducting negotiations with their Russian counterparts to resume wine trade, Russia did not give a clear date when it is likely to import wine again.<\/p>\n

In support of the Moldovan winemakers and economy in general, the European Union approved a regulation that will lift any import quotas for wines originating from Moldova. The move is designed to increase the amount of wine imported from the republic and will be enforced from January 1, 2014.<\/p>\n

“We will take measures to resume exports on Russian market, but we should also make everything possible to make the most of the opportunity given by the European Union,” Vasile Bumacov said.<\/p>\n

Wine is Moldova’s top export product which sustains a major part of the economy. Russia was until recently Moldova’s main export destination for such goods. <\/p>\n

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