EU Seeks to End Russian Grain Imports With Steep Tariffs
BRUSSELS—In a big shift, the European Union is planning to impose tariffs on Russian grain, part of an effort to curb Moscow’s export revenue and appease European farmers who are angry about imports of cheaper agricultural products. The plan—the bloc’s first push to restrict food products from Russia during the war—comes amid protests over Ukrainian agricultural imports by farmers who have at times set up blockades at border crossings.
The tariffs will apply to EU imports of cereals, oilseeds and derived products from Russia and its ally Belarus. European Commission President Ursula von der Leyen said the move would help protect European markets and farmers from what she described as a growing risk and “reduce Russia’s capacity to exploit the EU for the benefit of its war machine." The EU doesn’t import a large volume of grains from Russia, but officials are worried that the amount could rise.
Russia’s overall grain exports to the world have jumped since its full-scale invasion of Ukraine in 2022, EU officials said. The EU tariffs are expected to be set at a level of 95 euros, equivalent to around $103, per metric ton for most cereal products and 50% for oilseeds and derived products, an official said.
The tariffs are intended to be at a level where imports of those products to the bloc will no longer be viable. Most of those products don’t currently face tariffs when they enter the EU market.
The bloc had previously avoided trade measures targeting food products from Russia because of concerns that they could impact global access to food, especially in low-income countries. European officials said Friday that they didn’t expect the new tariffs to harm global food security because no new restrictions will be placed on
. Read more on livemint.com
