Close Menu
    Trending
    • Anthropic’s new AI model is powerful, dazzling—and about to get really expensive
    • U.S. and Iran Exchange Fresh Strikes
    • The Pacific Prize | Armstrong Economics
    • Jacob Elordi Divides Fans After Viral Street Encounter
    • Three Indian sailors dead after US hit ship off Oman: Minister
    • World celebrates, but Gaza watches the World Cup from a distance | Israel-Palestine conflict News
    • 49ers’ Kittle shares new injury recovery update amid Week 1 goal
    • Why being lazy is a superpower
    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

    World celebrates, but Gaza watches the World Cup from a distance | Israel-Palestine conflict News

    June 11, 2026

    Iran war day 104: Iran says it attacks US bases after American strikes | US-Israel war on Iran News

    June 11, 2026

    FIFA’s Infantino defends US as World Cup host amid visa row, entry denials | World Cup 2026 News

    June 11, 2026

    Mexico braces for celebrations, protests as World Cup opens amid tensions | World Cup 2026

    June 11, 2026
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Rory McIlroy received unexpected note from past Masters champion

    April 15, 2025

    Key Strategies for Enhancing Business Processes

    July 21, 2025

    Vast crowds rally in Istanbul as mayor quizzed by prosecutors

    March 23, 2025

    Holiday Sales Disappoint | Armstrong Economics

    February 11, 2026

    Insides Reveal Taylor Swift’s Wedding Gown Chaos With 6 Dresses

    May 12, 2026
    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.