The European Commission proposes raising tariffs on imports of Russian and Belarusian cereals
Barley
Published Mar 23, 2024
Tridge summary
The European Commission (EC) has proposed increasing tariffs on Russian and Belarusian cereals to 95 euros per ton, and a 50% tariff on oilseeds and vegetable oils. The move is aimed at preventing Moscow from using the sales proceeds to fund the war against Ukraine. These tariffs are designed to suppress imports from Russia and Belarus to the EU, but won't impact exports to third countries. The measures await adoption by the Council of the EU and will be immediately enforced once approved.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
The European Commission (EC) has proposed this Friday, March 22, to raise tariffs on imports of Russian and Belarusian cereals such as wheat, corn, barley and millet to 95 euros per ton, with the aim of avoiding that Moscow uses the proceeds from those sales to finance the war against Ukraine. The Community Executive today presented a proposal that was already advanced by the President of the Commission, Ursula von der Leyen, during a press conference on Thursday. In addition to the tariff of 95 euros per ton for cereals, Brussels proposed a second tariff of 50% that will be applied to oilseeds and vegetable oils. According to community sources, currently the tariff is zero for Russian imports of corn, oilseeds and high-quality wheat, which is used for human consumption. These sources reported that until now, either a zero tariff or a very low tariff was applied to all Russian and Belarusian imports of the products affected by the measure announced today, so establishing the ...
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