Hans de Boer, chairman of the
Dutch Employers Association VNO-NCW, estimates that the damage of the Russian
sanctions against the Netherlands amounts to at least one and a half billion
Euro. He is more pessimistic than the experts from the European Commission in
Brussels who had estimated the damage to be about half a billion Euro. De Boer
said that one should include the loss of indirect Dutch exports via Poland and
the Baltic countries as well as the re-exporting of products imported into the
Netherlands. He wants Brussels and the Dutch Government to pay compensation to
the harmed businesses. In order to reduce the surplus he suggests to destroy
produce or not to harvest it. Friday, August 22, 2014
Damage from Russian Sanctions to the Netherlands: One and a Half billion Euro
Hans de Boer, chairman of the
Dutch Employers Association VNO-NCW, estimates that the damage of the Russian
sanctions against the Netherlands amounts to at least one and a half billion
Euro. He is more pessimistic than the experts from the European Commission in
Brussels who had estimated the damage to be about half a billion Euro. De Boer
said that one should include the loss of indirect Dutch exports via Poland and
the Baltic countries as well as the re-exporting of products imported into the
Netherlands. He wants Brussels and the Dutch Government to pay compensation to
the harmed businesses. In order to reduce the surplus he suggests to destroy
produce or not to harvest it. 
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