EU farmers are losing billions of euros because of Russia’s food embargo in response to sanctions. Moscow has managed to find replacements for most banned products. Folker Hellmeyer, chief economist at Bremer Landesbank, believes Russia is moving towards a different political sphere, involving the BRICS countries and the Shanghai Cooperation Organization. This means the EU will lose out on many projects and not just agricultural ones. RT LIVE http://rt.com/on-air Subscribe to RT! http://www.youtube.com/subscription_center?add_user=RussiaToday Like us on Facebook http://www.facebook.com/RTnews Follow us on Twitter http://twitter.com/RT_com Follow us on Instagram http://instagram.com/rt Follow us on Google+ http://plus.google.com/+RT Listen to us on Soundcloud: https://soundcloud.com/rttv RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 1 billion YouTube views benchmark.