EU countries on Thursday gave final approval to new tariffs on fertilizer imports from Russia, a relocation targeted at cutting off income that might support Moscows war in Ukraine, regardless of issues from European farmers.Justice ministers from the EUs 27 member states approved the measure throughout a meeting in Luxembourg.
The guideline, which also targets additional agricultural products and includes Russias ally Belarus, will take effect next month.These steps increase our economic security by reducing dependences on Russia, said Michal Baranowski, Polands undersecretary of state for trade.
We are further lowering Russias export incomes and for that reason its capability to finance its ruthless war.
This is unified Europe at its best.The brand-new tariffs apply to nitrogen-based fertilizers and other farm items not yet covered by earlier sanctions that entered into result last year.
The levies will increase gradually until 2028, at which point they are expected to make Russian imports commercially unviable.European farming groups had opposed the move, alerting it could raise fertilizer rates in the middle of continued reliance on Russian supplies.A Message from The Moscow Times: Dear readers, We are facing unprecedented difficulties.
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