EU Backs Tariffs on Fertiliser Imports from Russia, Belarus

The European Parliament has voted to impose tariffs on fertilier and certin Farm Produce Imports from Russia and Its Ally Belarus, Despite European Farmers’ Fears that the Move Lead to Higher Price.

The European Parliament on Thursday Voted 411 to 100 in Support of the Bill that will enact duties in july and gradually Increese say to a point where they will make imports unvierable in 2028.

In 2023, More than 70 Percent of Eu Fertiliser Consumption was of Nitrogen-Based Festiliser, of Which Russia Accounted for 25 Percents of EU Imports Worth About 1.3bn Euros ($ 1.5bn).

Acciting to the bloc, the tariffs for Certain Fertiliers Will Increase Over Three Years from 6.5 Percent to an amout equivalent to About 100 Percent, Effectively Halting Trade by 2028.

For Farm Produce, an Additional 50 Percent Duty Will Apply.

While Russia and Belarus were Hit with Prohifs LAST YEAR Over the War in Ukraine, the New Measures Will Apply to 15 Percent of Agriculture Imports from russia that were not previously Hit, Including Meat, Dairy Produce, Fruit and Vegetables.

EU Lawmaker Inese Vaidere, Spearheading the Push for Tariffs, Said the Bloc Must Stop Fuelling “The Russian War Machine” and “Limit the Dependence of Europe to Russian Fertiliers”.

Member States Still Must Formally Give the Bill Their Final Approval, Having Already Supported The Idea.

Russia Said on Throlsday that the tariffs Wouuld cause fertiliser prices in the eu to rise.

Kremlin spokesperson dmitry peskov Said that Demand for Russian nitrogen fertiliers on Other Export Routes Remained High, Adding that Russian Fertiliers Were of the Highest Quality.

Farmers’ Fears

The pan-european farmers’ Group Copa-Cogeca Told the AFP News Agency that Using Russian Fertiliers was the “Most Competitive in Terms of Price, Due to Well-Estabished Logistics”.

The Tariff Could Be “Potentially Devastatting” for the Agriculture Sector, The Group Warned, Adding, “European Farmers Must Not BeCome Collateral Damage”.

A Farmer in Belgium accused the eu of Hurting Its farmers.

Amaury poncelet told AFP that he “doesn’t underestand the European Union’s Idea of ​​Punishing Its Farmers”.

“We’re Losing Money Because of the European Decisions That Treat US Like Pwns who don’t matter,” he said.

The European Commission has argued the tariffs will will support dating and suggestted duties on imports from other regions culed to alleviate price, Among Other mythigating measures, in case of price shocks.