The EU Moves to Impose New Tariffs on Russian, Belarusian Agri Imports
- On Thursday, lawmakers in the European Parliament approved significant tariff increases on fertilizers and selected agricultural products imported from Russia and Belarus.
- The tariffs respond to the EU's growing economic reliance on these imports, which fund Russia’s war and pose risks to EU food security.
- The measures include a 50% tariff increase on some farm goods and nitrogen-based fertilizers rising from 6.5% to nearly 100% by 2028, affecting imports worth billions.
- The legislation was passed by the European Parliament with a substantial majority, recording 411 votes supporting it, 100 opposing, and 78 members abstaining; the Commission has been tasked with closely monitoring its effects on market prices and the agricultural sector.
- These tariffs aim to reduce EU dependence on Russia and Belarus, limit Kremlin war funds, and encourage domestic production and supply diversification.
14 Articles
14 Articles
Parliament approves new tariffs on Russian and Belarussian agricultural good
(Credit: Unsplash) This article is brought to you in association with the European Parliament. MEPs backed increased tariffs on fertilisers and certain Russian and Belarusian agricultural goods on Thursday, seeking to reduce EU dependency on those imports. Plenary has endorsed the Commission proposal to increase by 50% EU tariffs on agricultural products from Russia and Belarus that were not yet subject to extra customs duties. The aim is to red…
European Parliament Slaps New Tariffs on Russian and Belarusian Agricultural Goods – EUROP INFO
European Parliament Implements New Tariffs on Russian and Belarusian Agricultural Imports Amid Heightened Geopolitical Tensions In response to intensifying geopolitical conflicts, the European Parliament has introduced a new set of tariffs targeting agricultural imports from Russia and Belarus. This move forms part of the European Union’s comprehensive approach to exert economic pressure on these countries due to their ongoing military actions i…
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