Moscow, Aug 5 (Sputnik) – European fertilizer producers have called on the European Commission (EC) to impose tariffs on Russian fertilizer manufacturers over their price-cutting policy, the Financial Times reported.
“This month (August), 14 European Union producers approached the EC with a request to impose punitive tariffs on Russian imports for the ‘aggressive price-cutting policy that has led to the expulsion of local fertilizer producers from the market,'” the paper said.
According to EU fertiliser producers, this policy puts the bloc’s food security at risk.
Following the launch of the Russian special military operation in Ukraine on 24 February 2022, the West increased sanctions pressure on Russia, leading to disruption of supply chains and increased fuel and food prices in both Europe and the United States.
Rising living costs have affected millions of households and triggered a wave of strikes in some European countries due to record inflation.
According to the Castellum.AI database, Russia is the country most affected by sanctions, ahead of Iran, Syria, North Korea and Venezuela, as 15,159 new restrictive measures have been implemented against the country since February 22, 2022, in addition to the 2,695 already in force. (Sputnik)
