The ministry of agriculture will announce end of next week a compensation scheme for Cypriot farmers, due to the Russian embargo on EU imports for agriculture product.
Minister of Agriculture, Nicos Kouyialis, told the Cyprus News Agency that the goal was to compensate farmers this year.
The European Commission has adopted a programme for emergency market measures for perishable fruit and vegetables after the Russian ban on imports of certain EU agricultural products.
Cyprus will receive around €4m out of the €165m approved by the EU.
The new scheme provides support to withdraw surplus volumes from the market.
The minister told CNA that Cyprus would be compensated for 19,000 tones of fruits/vegetables, which mostly include citrus fruits.
He said that Cyprus was seeking new markets for its products. (CNA)