News

EU has started the process of imposing duties on Russian agricultural products

Russia
Regulation & Compliances
Published Apr 20, 2024

Tridge summary

During a recent two-day European Council meeting, EU leaders have decided to instruct the EU executive to prepare proposals for implementing additional tariffs on agricultural imports from Russia and Belarus. This move aims to bolster the competitiveness and sustainability of the EU's agricultural sector, ensuring a stable and predictable environment for farmers while addressing environmental and climate challenges. The proposed changes to the Common Agricultural Policy Regulation will introduce extra tariffs on specific agricultural products from these countries, with careful consideration to minimize any adverse effects on the EU's Single Market and to guarantee that the transit of these goods to developing countries remains unaffected.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The leaders of the European Union have instructed the EU executive bodies to develop proposals for additional tariffs for Russian and Belarusian agricultural products. The respective instruction to the EU Council and the European Commission is set out in the conclusions adopted following a two-day meeting of the European Council. The conclusions state that “a competitive and sustainable agricultural sector is a key strategic interest of the Union”. It is also noted that farmers need a stable and predictable structure, in particular to address environmental and climate issues. “In line with its preliminary conclusions, the European Council calls for the early adoption of amendments to the Common Agricultural Policy Regulation and encourages the Council and the European Commission to continue their work, especially on the introduction of additional ...
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