Agriculture Industry
Mar 14, 2025
Council of European Union adopts position on new tariffs for Russian, Belarusian agricultural produc…
The Council has adopted its position, in view of negotiations with the European Parliament, on a regulation that will impose tariffs on the remaining agricultural products from Russia and Belarus, as well as certain nitrogen-based fertilisers. The tariffs are expected to reduce Russian export revenues, thereby limiting Russia’s ability to finance its war of aggression against Ukraine. The agricultural products affected by the new tariffs constitute 15% of all agricultural imports from Russia (in 2023). Once the new tariffs come…