The European Commission has adopted a proposal to impose tariffs on agricultural products and fertilisers from Russia and Belarus. These products include 15% of Russian agricultural imports in 2023 that had not faced higher tariffs.
The proposal aims to reduce dependence on Russian and Belarusian imports, especially fertilisers, which make the EU vulnerable to Russian pressure.
The tariffs aim to support the growth of domestic production and the EUs fertiliser industry, which suffered during the energy crisis. It also aids in diversifying supply from other countries.
The tariffs are expected to impact Russian export revenues, thus hindering Russias ability to continue its war against Ukraine.
Exports of agricultural products and fertilisers to third countries remain unchanged. Transit and storage in the EU, along with insurance and financial services, also remain unaffected.
Next Steps
The proposal will now be reviewed by the European Parliament and the Council.
For More Information
EU restrictive measures following Russias aggression in Ukraine