**EU Hits Russia and Belarus with New Tariffs on Fertilizers and Agricultural Goods**
The European Union has taken another step to reduce its dependence on Russian and Belarusian goods, approving fresh tariffs on fertilizers and remaining agricultural products from the two countries. The move aims to decrease Russian export revenues and limit Moscow’s ability to fund its ongoing war against Ukraine.
Starting July 1, the new tariffs will target goods that have not been subject to additional customs duties so far. The measures are part of a broader effort by the EU to sanction Russia in response to its aggressive actions in Ukraine. Fertilizer tariffs will increase gradually over the next three years, affecting products made up around 15% of all agricultural imports from Russia in 2023.
**Reducing Dependence and Revenue**
According to Polish Economy Ministry’s trade undersecretary Michal Baranowski, the new measures “increase our economic security by reducing dependencies from Russia.” The step also aims to reduce the EU’s reliance on Russian and Belarusian goods, protect European farmers, and diversify the supply. In 2023, Russian fertilizers made up more than a quarter of all EU imports in this sector, worth almost $1.5 billion.
By imposing higher tariffs, the EU is effectively stifling Russia’s trade revenue. The move follows earlier sanctions adopted in May 2024, which targeted cereals, oilseeds, and other products from Russia and Belarus. This latest step demonstrates the EU’s commitment to reducing its dependence on Russian goods and limiting Moscow’s ability to fund its war efforts.
**A Strong Message from Europe**
The approval of new tariffs sends a strong message that the EU is united in its opposition to Russia’s aggression. By taking these measures, European leaders are demonstrating their resolve to protect their farmers, economy, and citizens. As the world continues to grapple with the consequences of Russia’s actions, this move serves as a reminder of the importance of international cooperation and collective action.
Read More @ kyivindependent.com
