OREANDA-NEWS. November 24, 2014. The European Commission confirmed its intention to adopt a 28-million euro support package for milk producers in Estonia, Latvia and Lithuania.

The new package will be the latest in a series adopted by the European Commission in response to the Russian ban on the importation of certain EU agricultural products.

"I am very conscious of the significant impact that the Russian ban has had on dairy producers in the three Baltic countries given their exposure to the Russian market and the drop in prices," said the EU commissioner for agriculture and rural development, Phil Hogan.

"When we look at the share of national production previously exported to Russia and the drop in prices since the start of the crisis, we see that the dairy sectors in Latvia, Lithuania and Estonia have been particularly adversely affected. I am pleased, therefore, that the Commission intends to provide support in the form of a financial envelope for each of the three countries which will support those dairy farmers which, as a result of the Russian ban, are encountering liquidity problems in exceptional circumstances," Hogan said.

The amount of support being provided to each of the three countries is 6.9 million euros for Estonia, 7.7 million for Latvia and 14.1 million for Lithuania, based on their respective 2013-2014 milk production levels.