RF Ban Can Reduce Moldovan GDP by 0,9%, EBRD
OREANDA-NEWS. September 12, 2014. These are preliminary evaluation of the impact of the Russian sanctions for Moldova, made by the experts of the European Bank for reconstruction and development, which assessed the impact of the Russian embargo on the supplies to the countries in the region.
EBRD experts in their study of the impact on the Russia's food ban noted that Moldova is one of the poorest countries in Europe. Russia's ban now applies to deliveries of Moldovan fresh and canned fruits and vegetables, some meats and wines.
According to EBRD experts, with regard to the fact that agriculture sector of Moldova is 40% of Moldova's GDP, and share of Russia accounted for 80% of the total Moldovan exports of fruit, the effect of the Russian embargo can reduce Moldova's GDP by 0.9%.
As it was reported by InfoMarket before, Moldova's GDP in the first quarter of 2014 increased by 3.6%, amounting to 21 billion 469 million lei in the current market prices.
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