European Union releases additional aid for fruit and vegetable growers

Amid price drop fears, EU takes further action to combat Russian sanctions.

From the Wall Street Journal:

The European Union released new emergency aid worth €165 million ($209.32 million) on Tuesday for fruit and vegetable producers hardest hit by Russian sanctions.

The measure is aimed at supporting growers of perishable products such as apples, carrots and tomatoes which fall under the ban that Moscow imposed last month on some European produce.
 
The European Commission unveiled a first support program in mid-August worth €125 million, which has already run out.
 
"This is aimed at reducing the surplus of these products and prevent price drops in Europe," Roger Waite, a commission spokesman, said. "These are the most urgent products that need to be helped."
 
To read the rest of the story, visit the Wall Street Journal's website.