US EditionEU Approves New Tariffs on Russian Fertilizer Imports
- On June 12, the Council of the EU authorized new tariffs on fertilizers and other farm-related products imported from Russia and Belarus, with the measures set to begin on July 1.
- The tariffs aim to reduce Russian export revenues and dependency by targeting nitrogen-based fertilizers and goods that made up about 15% of imports in 2023.
- European farmers expressed concerns that the tariffs could raise fertilizer prices due to rising production and logistic costs, potentially impacting the sector significantly.
- Tiffanie Stephani from Yara mentioned that they have been urging the EU to take measures for the past three years, while acknowledging that farmers' worries are completely justified.
- The tariffs will increase gradually until 2028 to make imports commercially unviable, indicating the EU’s intent to enhance economic security and reduce reliance on Russian supplies.
21 Articles
21 Articles
This is one more step in the line between Brussels and Moscow: Europeans definitively acknowledge the progressive taxation of Russian fertilizers. From 1 July 2025, Brussels will gradually overtax Russian and Belarusian nitrogen fertilizers, until they reach prohibitive tariffs in 2028 in order to permanently cut off the tap. The objective: to deprive Moscow of a manna that helps to finance the war in Ukraine.
The Kyiv Independent
MSNEU approves new tariffs on Russian, Belarusian agricultural goods
The measures target those goods that have not yet been subject to additional customs duties and will enter into force on July 1. The tariffs on fertilizers will increase gradually over the next three years.
EU Approves New Tariffs on Russian Fertilizer Imports
EU countries on Thursday gave final approval to new tariffs on fertilizer imports from Russia, a move aimed at cutting off revenue that could support Moscow’s war in Ukraine, despite concerns from European farmers.
According to the plans, additional duties of 6.5 per cent are due on the products.
The EU raised duties on fertilizers from Belarus. The country suffers again due to its friendship with Russia
The EU Council approved an increase in duties on fertilizers from Belarus and Russia, and also imposed high tariffs on all agricultural products. This is done to "reduce the dependence of the European Union on these imports and reduce Russia's revenues."
The EU takes note of the taxation of Russian fertilizers as early as July Despite farmers' fears of a surge in world prices, Europeans have definitely taken action on Thursday, the progressive taxation of Russian fertilizers from July onwards. The European Union (EU) wants to get out of its dependence on fertilizers from Russia and deprive Moscow of a manna that helps to finance the war in Ukraine. From 1 July, Brussels will gradually overtax Ru…
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