European Union sanctions against Moscow and reciprocal measures taken by the Russian side have led to negative effects on Bulgarian economy, Energy Minister Bozhidar Lukarski has said. The effects of sanctions resulted in a 14.4-percent decline of trade turnover between Bulgaria and Russia in 2014, in comparison to 2013. Just for the period from August to the end of November 2014 Bulgarian farmers lost 3.8 million dollars, according to the Ministry of Economy. Despite sanctions, a 9-percent increase in exports of pharmaceuticals to Russia was marked, as well as a 5% rise of …read more
Source: Radio Bulgaria
