EU to restore quotas on Ukrainian farm imports in June, Bloomberg reports

EU to restore quotas on Ukrainian farm imports in June, Bloomberg reports

The European Union has agreed to reintroduce import quotas on several Ukrainian agricultural products starting June 6, Bloomberg reported on May 23.  The move marks a significant shift in EU trade policy toward Kyiv, as bloc members seek to balance wartime support for Ukraine with growing domestic unrest from European farmers.The quotas were eliminated at the beginning of Russia's full-scale invasion in 2022. Their reintroduction was approved by…

The European Commission on Thursday, May 22, decided to temporarily restore quotas on imports of Ukrainian agricultural products, which were canceled after the start of a full-scale invasion of the Russian Federation

Kyiv estimates that the return to pre-war trading quotas could cost more than €3 billion a year, a loss equivalent to 70% of projected growth by 2025. More information: Ukraine teaches the EU the cheapest way to win the war: squeeze the 23 billion frozen into Russia