European Commission Vice-President Jyrki Katainen

The EU announced Monday it will release 500 million euros to aid European farmers suffering plunging milk and meat prices partly blamed on a Russian embargo, as farmers staged a noisy protest in Brussels.

"The commission is announcing today a comprehensive support package of 500 million euros," European Commission Vice-President Jyrki Katainen said in a statement. "This is a robust and decisive response."