03/23/2024

E.U. to Impose Tariffs on Russian Grain

It fears Moscow will use exports as a weapon of war

The European Commission wants to prevent Russia from using farm products as a tool to wreak havoc on the European Union (EU) market and is moving to impose tariffs on grain imports from Russia and Belarus.

The tariffs are also aimed at denying Russia revenue, because they will effectively suppress exports to the EU, the commission said.

Imports of cereals, oilseeds and derived products from Russia and its Belarus ally are just about 1 percent of the overall size of the EU market, with domestic suppliers providing the bulk.

Please select this link to read the complete article from The Associated Press.