The EU Council approved prohibitive duties on grain imports from Russia and Belarus

Published 2024년 6월 2일

Tridge summary

The EU Council has imposed prohibitive duties on grain products imported from Russia and Belarus, effective July 1, in an effort to prevent Russian grain from destabilizing European markets. The duties will apply to grains, oilseeds, their processed products, peas, and beet pulp pellets, and these products will not be eligible for EU tariff quotas. While the duties may not significantly impact Russian grain exports, they could pose challenges for livestock farmers and processors in European countries reliant on Russian oilseeds and their processed products.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The EU Council today adopted a resolution to increase customs duties on the import of Russian and Belarusian grain products into the European Union. “Today the Council adopted a resolution the purpose of which is to introduce prohibitive duties on grain products imported from Russia and Belarus,” the EU Council said in a press release. It is specified that the decision will come into force on July 1. “The resolution provides for an increase in duties on grains, oilseeds and their processed products from Russia and Belarus to such a level that in practice the import of these products will be stopped,” the document emphasizes. The measures will also affect the import of peas and beet pulp pellets. It is noted that the above products will also not have access to EU tariff quotas. After the EU summit on March 21-22, European Commission President Ursula von der Leyen announced the EC’s proposal to increase duties on imports of grain products from Russia and Belarus into the EU. “There ...
Source: Agrovesti

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