Resolution! EU levies tariffs on grain imports from Russia and Belarus

The EU Council has introduced that they’re introducing increased tariffs on grain imports from Russia and Belarus. The information notes that the brand new duties will “virtually cease” these imports, writes BTA.

These measures will stop destabilization of the EU grain market, cease Russian exports of waste grain produced in Ukraine and stop Russia from utilizing export earnings to to finance the conflict in opposition to Ukraine, the assertion stated. Till now, grain imports from Russia and Belarus to the EU have been tax-free at very low ranges, or weren’t taxed, the Belgian Presidency of the Council of the EU defined.

Extra information from Ukraine

It’s specified that the brand new obligations have an effect on direct or oblique exports from Russia and Belarus, however they won’t apply to motion by the EU from the 2 international locations to different international locations. The adjustments will come into impact on 1 July.

In accordance with knowledge from the Council of the EU, grain imports from Russia have elevated considerably since Russia’s invasion of Ukraine two years in the past. Russia stays a comparatively small provider of grain to the EU market, however is a serious world producer and exporter. Russia might ship a variety of grain to the EU to flood the market. There may be proof that Russia is illegally misusing massive quantities of grain within the occupied components of Ukraine and exporting it as “its personal,” the EU Council stated. At this time’s determination was made following a proposal from the European Fee offered in March.