Russian food embargo is not caused significant damage to the state budget of Latvia. About this on the local TV channel LNT Minister of Finance of the Republic of Latvia Andris Wilkes.

"The losses are insignificant, relatively small. In addition, we will refund the spent state money on various compensation to farmers and Milkmen, when they are received at our state budget of the EU next year. While Europe this process is addictive, "he said. In General, effects are comparatively small, but raised too much noise. But it is now. If Russia will continue its confrontation with the West, the consequences can be more".

August 7, Russia announced a complete ban on the export of beef, pork, vegetables and fruits, poultry, fish, cheese, milk and dairy products from the EU countries, Australia, Canada, Norway and the USA. This decision was a response to the sanctions that the West has imposed against Russia because of the events in Ukraine.

As stated earlier, Prime Minister of Latvia Laimdota Straujuma, Russia imposed an embargo on food imports from the European Union will cause the Republic of damages in the amount of 55 million euros. Most affected the dairy industry, its losses amounted to 24 million euros.