The EU introduced export duties on agricultural products from Russia and Belarus

Duties from the European Union (EU) on some agricultural products from Russia and Belarus to the territory of the bloc countries have come into force. TASS reports this with reference to the relevant resolution from the Council of the EU. In particular, for grain alone, tariffs can reach up to half the market value of each individual crop. Let us recall that trade restrictions concern two main grain crops (wheat and corn), and all major oilseeds, as well as their processed products and various types of feed. Their possible introduction starting this month was discussed at the end of May at the European Commission. At the same time, different measures were talked about for each crop. For example, it was planned to introduce a fixed rate on wheat of half the cost for each batch, and on other types of products - a tax that could amount to up to 95 euros per ton, depending on the specific product supplied to the countries of the bloc. In essence, such large duties are prohibitive in ...