Spain, EU Take Retaliatory Measures Against Argentina Over YPF

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'On Friday, Spanish Deputy Prime Minister Soraya Saenz de Santamaria announced plans to impose limits on biodiesel imports from Argentina, giving preference to domestic or European bio-fuel.

"The objective of this decision is to support Spanish and European Union refineries so that they can supply biodiesel under competitive conditions," Santamaria said.

Ninety percent of Spain’s imported bio-foul comes from either Argentina or Indonesia. In 2011, Spain imported approximately $750-million worth of bio-fuel from Argentina.'

Read more: Spain, EU Take Retaliatory Measures Against Argentina Over YPF

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