OREANDA-NEWS. October 28, 2014. The Agriculture Ministry says it will change the European Fisheries Fund 2007-2013 action plan to divert over 700,000 euros of unused funds to finding new markets for Estonian fisheries after the Russian ban on food imports.

Minister Ivari Padar said the fishing industry is planning to participate in trade fairs in Africa, Asia and Europe, and the ministry has already approved funding for six fairs around the world.

The Estonian part of the fund for the 2007 to 2013 budget period is 112.8 million euros, of which 28.2 million euros is financed from the state budget and the rest by the European Union.

Russia imposed an import ban on meat, fish, dairy, vegetables, fruit and food products, hitting the Estonian fish and dairy sector especially hard.