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Will EU Fertiliser Tariffs Hit Russia's Coffers?

EUROPEAN UNION, JUL 21 – The EU's sanctions aim to reduce Russia's oil revenue by up to $19 billion by lowering the crude price cap and banning imports of refined products from Russian crude.

Summary by Euronews
To reduce its economic dependence on Russia, the EU has imposed higher tariffs on fertilisers and agricultural products. The aim is to reduce Russian revenue, but it could impact on food prices in the EU, which worries farmers.

10 Articles

Lean Left

New European Union sanctions, which include a flexible cap on Russian oil prices, could deprive the Russian budget of every fifth ruble of planned oil and gas revenues.

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charter97.org broke the news in on Monday, July 21, 2025.
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