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Sunday, February 16, 2025

EU Plans Tariffs on Russian, Belarusian Imports

Brussels (TDI): The European Commission has approved a proposal to enforce tariffs on a range of agricultural products coming from Russia and Belarus, as well as on specific nitrogen-based fertilizers.

The objective of the initiative is to support domestic production, enhance EU food security, and lessen dependency on imports from these states.

The planned tariffs will shelter the remaining 15% of agricultural imports from Russia that were not yet subject to enlarged tariffs in 2023.

Once permitted by the European Parliament and the Council, the new measures will guarantee that all agrarian imports from Russia are subject to EU tariffs.

The prime goal of the proposal is to diminish the EU’s dependency on Russian and Belarusian imports, predominantly fertilizers.

Also Read: Russian Gas Era Ends in Europe 

By imposing these tariffs, the EU aims to enhance food security and decrease risks to the agrarian sector.

Additionally, the measures are intended to strengthen the EU’s fertilizer industry, which has faced difficulties during the recent energy crisis.

The expansion of supply sources will confirm a steady and affordable fertilizer supply for EU markets.

To stop unnecessary cost burdens on farmers, the proposal contains mitigating measures in case of considerable price increases.

Impact on Russia’s Economy

The tariffs are intended to have an undesirable impact on Russian export revenues, thereby limiting its financial ability to continue its war against Ukraine.

By limiting economic benefits to Russia, the EU reinforces its commitment to supporting Ukraine while firming its own economic flexibility.

In spite of these measures, the EU remains dedicated to international food security.

Also Read: EU Plans New Sanctions on Russia

The transit of agrarian products and fertilizers from Russia and Belarus to third states will remain unaffected.

This means that storage in EU customs storerooms, transportation on EU containers, and related financial services will remain to operate as usual, certifying the stable supply of food and fertilizers to developing nation-states.

The Commission’s suggestion will now be submitted to the European Parliament and the Council for consideration under the capable majority voting technique, in accordance with Article 207 of the Treaty on the Functioning of the European Union (TFEU).

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