Ukraine conflict: Russia considers ban on imports of cars – TIME ONLINE

Ukraine conflict: Russia considers ban on imports of cars – TIME ONLINE

The Russian government plans in Ukraine conflict allegedly further sanctions. The EU wants to support punitive measures affected farmers with 125 million euros.

Updated 18th August 2014 12:52 clock

Volkswagen-seller in Russia capital Moscow | © Getty Images

Russia is considering, according to a media report tougher sanctions against the USA and the EU. Conceivable would be a partial or complete ban on imports of Western cars, the newspaper Vedomosti reported, citing a senior official.

The Russian punitive measures should be therefore not only relate to agricultural products, but be extended to industrial goods. Proposals have already been submitted to President Vladimir Putin. A decision on new sanctions had not yet fallen.

In Russia produced vehicles will not be affected by a possible ban. Ford, Volkswagen, Renault, Toyota and Hyundai entertain works in Russia.

economic performance is to

In the first half of imported cars reached according to the newspaper in Russia has a

market share of 27 percent. For trucks it were 43 percent, 13 percent for buses. Would be particularly affected Germany. Motor vehicles and motor vehicle parts were last year with 190.1 billion euros and a share of 17.4 percent of total exports as in previous years, the main exports

It is not yet clear , how the sanctions and counter-sanctions between Russia, the European Union, Ukraine and the United States had an impact on the respective economies. Russian opinion polls look good 60 percent of the inhabitants Western sanctions without worry. However, the Russian economy shows first Weaknesses: The growth was significantly lower in the first quarter than expected. Compared to the same period last year, gross domestic product rose by only 0.8 percent – the government had expected early July, an increase of 1.2 percent. Gross domestic product in Germany was the first time shrunk from April to June by 0.2 percent the previous quarter and for more than a year.

EU agrees assistance for farmers

The European Union sanctions producers concerned aids. That gave the European Commission announced on Monday. The Authority had announced measures last week. Are planned acquisitions and compensation for premature harvesting or non-harvesting. Farmers can also apply for retroactive support. The arrangements apply until the end of November, the European Commission’s costs in the amount of 125 million euros.

The aid applies to producers of tomatoes, carrots, cabbage, peppers, cauliflower, herbs and cucumbers, mushrooms, apples, pears, grapes, kiwis and red fruits – the latter is a collective term for the seven types of berries

.