Current financial crisis in Russia hits Israel’s agricultural exports with devastating losses at $51 million, amounting to 30% of all Israeli exports to Russia according to Israel’s Farmers Association.
By Hezi Sternlicht & Israel Hayom Staff
The unfolding financial crisis in Russia may have devastating effects on Israel’s agricultural exports, the Israeli Farmers Association warned Tuesday.
Russia is one of Israel’s primary exports market, with produce amounting to 30 percent of all exports.
The association, which is an umbrella organization for Israel’s agricultural bodies, was scheduled to hold an emergency meeting on Wednesday, to discuss the impact the Russian crisis may have on the local industry. Continue Reading »