European Commission Plans Heavy Tariffs on Russian Grain Imports
Russia | March 22, 2024, Friday // 12:42| viewsThe European Commission has unveiled plans for significant tariff hikes on grain imports from Russia and Belarus. The proposed tariffs, described as potentially functioning as de facto sanctions, aim to address growing concerns over the use of food exports as a geopolitical tool by Moscow while safeguarding EU markets and farmers.
Under the proposed measures, import duties on cereals, oilseeds, and related products from Russia and Belarus would see a substantial increase. Specifically, grain products would be subject to a duty of €95 per ton, coupled with a 50% ad valorem duty on other goods, effectively rendering imports commercially unviable.
EU Trade Commissioner Valdis Dombrovskis emphasized that these tariffs are designed to curb the influx of Russian grain, which has seen a notable uptick, posing a potential destabilization threat to the EU food market. By imposing tariffs, the European Commission aims to diminish Russia's capacity to exploit EU markets for strategic gains.
Furthermore, the proposal includes the revocation of any access Russia and Belarus previously enjoyed to the EU's World Trade Organization grain quotas, thereby closing off preferential tariff treatment for certain products.
Notably, the tariffs are strategically crafted to avoid disrupting transit routes or impeding free trade operations, underscoring the Commission's commitment to targeted measures that minimize collateral damage. This approach is in stark contrast to broader sanctions, which can have far-reaching implications beyond the intended targets.
The announcement comes amid heightened tensions in Europe, with concerns over Russia's aggressive actions in Ukraine and the EU's response to safeguard its interests. The proposal reflects a proactive stance by the European Commission in addressing emerging threats and protecting the integrity of EU markets.
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