European Parliament Backs New Duties on Russian, Belarusian Ag Products
The European Parliament this week approved a European Commission proposal to raise tariffs on certain agricultural products, including nitrogen-based fertilizers, from Russia and Belarus by 50% (see 2501290037). The new duty, if approved by EU foreign ministers, would apply to Russian and Belarusian agricultural goods that haven't yet been subject to "extra customs duties," Parliament said. Along with certain fertilizers, the tariffs would apply to sugar, vinegar, flour and animal feed.
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The bloc would impose a 6.5% tariff on fertilizers in addition to duties of about $55 to $60 per ton for 2025-2026. Those tariffs will rise to about $575 per ton by 2028.
"The proposed measures will reduce EU imports of the goods concerned significantly, whether they originate in the two countries or are exported directly or indirectly by them," Parliament said. "It is expected that this will result in further diversification of EU fertiliser production, currently impacted by the low prices of imports."
The proposal was approved 411-100, with 78 abstentions.