Brussels, June 12 (LaPresse) – The EU Council has approved a regulation imposing new tariffs on the remaining agricultural products and certain fertilizers from Russia and Belarus that were not yet subject to additional customs duties.
The aim is to reduce the EU's dependence on these imports and to curb Russia’s export revenues, thereby limiting its ability to finance the war of aggression against Ukraine, the Council said in a statement.
The implementation of these tariffs will be closely monitored to ensure the protection of the EU fertilizer industry and its farmers.
Tariff increases on fertilizers will be introduced gradually over a transitional period of three years.
Once the regulation enters into force, EU tariffs will apply to all agricultural products from Russia, as other such products are already subject to customs duties.
The new tariffs will affect goods that accounted for approximately 15% of all agricultural imports from Russia in 2023. In the case of fertilizers, the new duties will apply to certain nitrogen-based products.
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