New tariffs will also affect 15% of agricultural imports from Russia, which were previously not subject to tariffs.
The European Parliament has supported a significant increase in roles in Russian and Belarusian fertilizers and part of agricultural products. New bets should limit war financing against Ukraine and reduce risks for EU food security. This has been reported in a press release published on the European Parliament website.
The decision was supported by 411 Euros deputies, 100 voted “against”, and another 78 – “avoid”.
From July 1, the roles of some nitrogen fertilizers will gradually increase – from current 6.5% to almost 100%. It will definitely stop trading. For some products, in particular meat, dairy products, fruits and vegetables, will impose an additional 50% duty.
In 2023, more than 70% of fertilizers used in the EU were nitrogen – and a quarter of such fertilizers was imported from Russia. The total cost of these supplies is about 1.3 billion euros ($ 1.5 billion).
Against EU decisions, Kremlin press secretary Dmitry Peskov said “due to new fertilizers for Europeans, they will rise price”, and their quality will “decrease.” According to him, the demand for Russian fertilizers in other markets is still high and the “Russian fertilizer is the highest quality.”
New duties will affect another 15% of agrarian imports from Russia, which were previously not subject to tariffs. We are talking about the goods at 380 million euros.
Importing from Belarus in 2023 reached 92 million euros of agricultural products and 30 million fertilizers.
The European Commission has explained that importing fertilizers from Russia creates a risk of political pressure from Moscow and the threat of the EU agrose stability.
European parliamentaries believe that these steps will significantly reduce the import of goods from the Russian Federation and Belarus to the EU, regardless of these two countries, or export them directly, or indirectly.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.