EU Council sets higher tariffs for Russian and Belarusian grains

Published Jun 3, 2024

Tridge summary

The Council has enacted a regulation to impose prohibitive tariffs on cereal products imported from Russia and Belarus, starting July 1, 2024. This action aims to halt imports of cereals, oilseeds, and related products from these nations, excluding them from the EU's tariff quotas. The regulation is a response to the surge in imports from Russia following its invasion of Ukraine and seeks to prevent market disruption, stop the export of illegally seized Ukrainian grain, and block Russia from using export revenues to finance its war against Ukraine.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Council has adopted a regulation that seeks to impose prohibitive tariffs on cereal products imported from Russia and Belarus. The Regulation increases taxes on cereals, oilseeds and derived products from Russia and Belarus to a point that will effectively paralyze imports of these products. The Regulation increases import tariffs on cereals, oilseeds and derived products, as well as beet pulp pellets and dried peas from the Russian Federation, as well as from the Republic of Belarus, for which, currently, Importers do not pay tariffs or pay them at a low price. Furthermore, these goods will be excluded from access to the Union's tariff quotas. These measures affect products originating in or exported directly or indirectly from the Russian Federation or the Republic of Belarus to the EU. They will not affect transit through the EU from both countries to other third countries. Next steps The Regulation will be published in the Official Journal of the EU. The measures will come ...

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