date:Aug 13, 2014
Australia and Norway last week. If it lasts, it could cost European Union members $16 billion, Vygaudas Usackas, the EU ambassador to Russia, estimated.
On Thursday the EU is holding a meeting to assess the possible effect of Russias sanctions on its farmers.
Member states have already complained their economies would be hit hard, with Germany and Poland losing the most trade with Russia, and the Baltic states Lithuania, Latvia and Estonia seeing their shares of GDP falling even sharper.