Bosnia to lose €25.6mn from Russia import ban

By bne IntelliNews August 6, 2016

Bosnia & Herzegovina could lose around BAM50mn (€25.6mn) by the end of the year following Russia’s ban on imports from the country, according to an estimate from the Bosnian foreign trade chamber, Indikator.ba reported on August 5.

Russian veterinary and phytosanitary body Rosselkhoznadzor has banned imports of products from Bosnia from August 4 since there was not enough evidence of their safety. Rosselkhoznadzor said that the ban is being imposed as it has not enough information about the phytosanitary status of Bosnia. Also, Bosnia’s foreign affairs ministry declined to allow Rosselkhoznadzor to check the phytosanitary control and control of the systems.

In the first half of the year, Bosnian firms exported goods worth BAM46.2mn to Russia, according to data from the foreign trade chamber.

Meanwhile, Bosnia’s foreign trade minister Mirko Sarovic told Kilx.ba that the government is trying to find a way to meet the necessary requirements so that Russia lifts the ban on imports.

“The directorate for protection of health of herbs in BiH has invited the Russian side to visit Bosnia as soon as possible and to visit exports firms. At this moment, we are doing everything to overcome the situation with Russia,” Sarovic told Klix.ba.

Russia insists on health certificates for fruits and vegetables, and objects the lack of a unified system for quality control of products in Bosnia.

Sarovic has explained earlier that phytosanitary certificates in Bosnia are issued by the authorities of the two entities – the Muslim-Croat Federation and Republika Srpska - while the state-level directorate is responsible for cases when another country has objections to a certificate, which is the case with Russia.

Related Articles

US puts Albania, Bosnia and Serbia on blacklist of major money laundering countries

The US department of state has included Albania, Bosnia & Herzegovina and Serbia in its latest list of major ... more

EBRD says 2016 net profit was around €1bn

The European Bank for Reconstruction and Development (EBRD) said it made a net profit of around €1bn in 2016, up by a quarter from the €802mn it made in ... more

Bosnian Serbs to block work of state-level institutions following genocide case appeal

The parliament of Bosnia & Herzegovina’s Serb-dominated entity, Republika Srpska, voted on February 27 to reject and ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss