VOICED : Ex Soviet Moldova feels squeeze from Russian fruit embargo

VOICED : Ex Soviet Moldova feels squeeze from Russian fruit embargo

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Interactive Video

Business

10th Grade - University

Hard

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Moldova faced significant economic challenges after Russia banned its fruit exports, leading to a $145 million loss. The local currency's devaluation worsened the situation, prompting farmers to protest for increased subsidies. Moldova's attempt to enter the EU market is slow due to unfamiliar apple varieties. However, a fair trade agreement with the EU and financial aid offer hope for future growth and reduced reliance on Russia.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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