The EU is going to impose tariffs on all agricultural products from Russia and Belarus
news.online.ua
Fri, 14 Mar 2025 16:03:00 +0200
EU ambassadors agree on new tariffs on agricultural products from Russia and BelarusThe Council of the EU has adopted a position for negotiations with the European Parliament on regulatory rules for the application of tariffs on remaining agricultural products from Russia and Belarus, as well as on certain nitrogen fertilizers.
These tariffs are expected to reduce Russian export revenues and limit Russias ability to finance an aggressive war against Ukraine, the report said.As noted, earlier, in 2023, the EU had already introduced tariffs against certain types of agricultural products from Russia, in particular grains, but at that time these protective measures covered only 15 percent of Russian agricultural exports.Once the new tariffs are introduced, all agricultural products originating from Russia will be subject to them.This is a significant amount of money.
For example, as of 2023, 25 percent of all fertilizer imports into the EU were from Russia about 3.6 million tons, bringing in 1.28 billion euros for the Kremlin budget.
The new tariffs, agreed today by the EU Permanent Representatives Committee, will reduce European countries dependence on agricultural imports from Russia and Belarus, stimulate the development of the European fertilizer industry, and ensure that Russia does not gain commercial advantages from continued exports to the EU.
At the same time, tariffs on Russian and Belarusian fertilizers will be introduced gradually, over three years, with simultaneous diversification of fertilizer supplies from third countries to ensure their availability for European farmers.Once the European Parliament agrees to the proposed measures, the EU Council will be able to formally adopt the new regulatory rules by qualified majority.
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