Close Menu
    Trending
    • AI is reshaping work. It could also spark an entrepreneurial boom
    • Mom & Pop Shops Closing In Record Numbers – Are Tariffs To Blame?
    • Taylor Swift Reportedly Offered Bride Irresistible Sum To Snag Wedding Date
    • TikTok to comply with ‘upsetting’ Australian under-16 ban
    • Australia hails ‘shared vision’, as defence minister set to visit Japan | Military News
    • Brian Cashman shares huge revelation about Yankees job
    • Exclusive: 20 years in, this OG YouTube channel is opening a new studio
    • Katy Perry And Justin Trudeau’s Public ‘Hard Launch’ Stuns Fans
    The Daily FuseThe Daily Fuse
    • Home
    • Latest News
    • Politics
    • World News
    • Tech News
    • Business
    • Sports
    • More
      • World Economy
      • Entertaiment
      • Finance
      • Opinions
      • Trending News
    The Daily FuseThe Daily Fuse
    Home»Latest News»EU backs tariffs on fertiliser imports from Russia, Belarus | Russia-Ukraine war News
    Latest News

    EU backs tariffs on fertiliser imports from Russia, Belarus | Russia-Ukraine war News

    The Daily FuseBy The Daily FuseMay 22, 2025No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    EU backs tariffs on fertiliser imports from Russia, Belarus | Russia-Ukraine war News
    Share
    Facebook Twitter LinkedIn Pinterest Email


    European Parliament backs invoice that may enact duties in July and step by step improve them over three years.

    The European Parliament has voted to impose tariffs on fertiliser and sure farm produce imports from Russia and its ally Belarus, regardless of European farmers’ fears that the transfer might result in larger costs.

    The European Parliament on Thursday voted 411 to 100 in help of the invoice that may enact duties in July and step by step improve them to a degree the place they might make imports unviable in 2028.

    In 2023, greater than 70 % of EU fertiliser consumption was of nitrogen-based fertiliser, of which Russia accounted for 25 % of EU imports price about 1.3bn euros ($1.5bn).

    In accordance with the bloc, the tariffs for sure fertilisers will improve over three years from 6.5 % to an quantity equal to about one hundred pc, successfully halting commerce by 2028.

    For farm produce, an extra 50 % obligation will apply.

    Whereas Russia and Belarus have been hit with prohibitive tariffs final yr over the struggle in Ukraine, the brand new measures will apply to fifteen % of agriculture imports from Russia that weren’t beforehand hit, together with meat, dairy produce, fruit and greens.

    EU lawmaker Inese Vaidere, spearheading the push for elevated tariffs, stated the bloc should cease fuelling “the Russian struggle machine” and “restrict the dependency of Europe’s farmers to Russian fertilisers”.

    Member states nonetheless should formally give the invoice their remaining approval, having already supported the concept.

    Russia stated on Thursday that the tariffs would trigger fertiliser costs within the EU to rise.

    Kremlin spokesperson Dmitry Peskov stated that demand for Russian nitrogen fertilisers on different export routes remained excessive, including that Russian fertilisers have been of the very best high quality.

    Farmers’ fears

    The pan-European farmers’ group Copa-Cogeca informed the AFP information company that utilizing Russian fertilisers was the “best when it comes to worth, as a consequence of well-established logistics”.

    The tariff might be “doubtlessly devastating” for the agriculture sector, the group warned, including, “European farmers should not develop into collateral harm”.

    A farmer in Belgium accused the EU of injuring its farmers.

    Amaury Poncelet informed AFP that he “doesn’t perceive the European Union’s thought of punishing its farmers”.

    “We’re dropping cash due to these European choices that deal with us like pawns who don’t matter,” he stated.

    The European Fee has argued the tariffs will assist help home manufacturing and urged duties on imports from different areas might be eliminated to alleviate worth pressures, amongst different mitigating measures, in case of worth shocks.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    The Daily Fuse
    • Website

    Related Posts

    Australia hails ‘shared vision’, as defence minister set to visit Japan | Military News

    December 5, 2025

    US grand jury declines to re-charge New York Attorney General Letitia James | Donald Trump News

    December 5, 2025

    Trump can keep National Guard in Washington, DC, for now: Appeals court | Donald Trump News

    December 5, 2025

    Putin challenges US pressure on India over Russian oil during state visit | Russia-Ukraine war News

    December 4, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    US Fed Governor Cook offers detailed defence in mortgage fraud case | Business and Economy News

    November 18, 2025

    Commentary: Donald Trump wants more than gifts and flattery from US partners

    September 5, 2025

    Thanks for the ride, Mariners. Now, let’s finish the job

    October 25, 2025

    Teacher Union Chief Randi Weingarten Resigns From DNC Position and People Have Questions | The Gateway Pundit

    June 17, 2025

    How a Ukrainian Teen Became a Suspected Foot Soldier for Russia

    April 10, 2025
    Categories
    • Business
    • Entertainment News
    • Finance
    • Latest News
    • Opinions
    • Politics
    • Sports
    • Tech News
    • Trending News
    • World Economy
    • World News
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2024 Thedailyfuse.comAll Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.