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Significance
Farmers in Central and Eastern Europe (CEE) are demanding strong government support as they deal with droughts and the economic ripple effects of Russia’s invasion of Ukraine. Poland has threatened to take unilateral action should the EU fail to extend import restrictions.
Impacts
The ban could be extended beyond the current set of products: wheat, maize, rapeseed and sunflower seeds.
The easing of monetary policy in CEE and the weakening of national currencies could drive up input prices and adversely affect farmers.
Russian state propaganda will exploit the renewed restrictions to score points against Ukraine and the West.
Romania has concluded a bilateral agreement with Ukraine to facilitate the shipment of Ukrainian agricultural exports.
Keywords:
Eastern Europe,
EUR,
Bulgaria,
EU,
Hungary,
Poland,
Romania,
Slovakia,
Ukraine,
Austria,
Baltic states,
Croatia,
Czech Republic,
Estonia,
Latvia,
Lithuania,
Russia,
Slovenia,
EASTERN EU,
economy,
international relations,
politics,
agriculture,
aid,
foreign policy,
foreign trade,
talks,
gas,
government,
infrastructure,
prices,
war,
Food & Tobacco
© Oxford Analytica 2023. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2023
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