BRUSSELS: EU states agreed on Thursday to impose “prohibitive” duties on grain imports from Russia in a bid to cut off revenues to Moscow for its war on Ukraine.
The European Union has hit Russia with multiple rounds of sanctions to inflict damage on Russia’s war chest following its all-out invasion of Ukraine in 2022.
The latest measure will “tackle illegal Russian exports of stolen Ukraine grain into EU markets,” the EU’s trade commissioner, Valdis Dombrovskis, said on social media.
The tariffs will also be applied to products from Belarus, which served as a staging ground for Russia’s attack on Ukraine.
But the tariffs will not apply to Russian grain transiting through the EU to countries outside the bloc, to ensure that food supplies for elsewhere, notably Africa and Asia, are not impacted. Russian fertilizer supplies were not targeted.
The European Commission proposed the measure in March. Under World Trade Organization rules, virtually all Russian grain has until now been exempt from EU import duties.
From July 1, the EU will increase “duties on cereals, oilseeds and derived products from Russia and Belarus to a point that will in practice halt imports of these products,” the council representing the EU’s 27 member states said.
The EU set this at a level of either around 90 euros (around $97) per ton for most cereals, or 50 percent of the value for other products.
“These measures will therefore prevent the destabilization of the EU’s grain market (and) halt Russian exports of illegally appropriated grain produced in the territories of Ukraine,” said Vincent Van Peteghem, Belgian minister for finance.
“This is yet another way in which the EU is showing steady support to Ukraine,” he added.
Russian agricultural imports into the EU burgeoned in 2023.
Last year, Russia exported 4.2 million tons of cereals and related agricultural products to the EU worth 1.3 billion euros.
And Russian grain exports to the EU rose from 960,000 tons in 2022 to 1.5 million tons last year after a surge in Russian production.
Despite the figures, it comprises only a very small share of the EU’s supply of such products, around one percent of the European market.
In stark contrast, domestic suppliers provide 300 million tons annually.
The EU has approached punitive action against Russia’s agricultural or fertilizer sector with great caution, fearing any moves that could hurt the global cereal market as well as food security in Africa and Asia.
But Ukrainian President Volodymyr Zelensky complained to EU leaders earlier this year, arguing it was unfair Russian grain maintained unrestricted access to their markets while Ukrainian imports faced limits.
Russia at the time warned against the tariffs. “Consumers in Europe would definitely suffer,” Kremlin spokesman Dmitry Peskov said in March.
EU states agree ‘prohibitive’ tariffs on Russia grain imports
https://arab.news/2xvah
EU states agree ‘prohibitive’ tariffs on Russia grain imports
- The European Union has hit Russia with multiple rounds of sanctions
- The latest measure will “tackle illegal Russian exports of stolen Ukraine grain into EU markets,” the EU’s trade commissioner, Valdis Dombrovskis, said
North Korea says it respects Iran’s choice of new supreme leader: KCNA
- North Korea, a longstanding US adversary, has previously condemned the US-Israeli attack on Iran an “illegal act of aggression”
- Defying US President Donald Trump’s desire to have a say in who runs Iran, the Islamic republic on Sunday named Mojtaba Khamenei to replace his father, longtime ruler Ali Khamenei, who died in an Israeli airstrike on February 28
SEOUL: North Korea respects Iran’s choice of new supreme leader, state media reported Wednesday, as it accused the United States and Israel of destroying regional peace.
“With regard to the recent official announcement that Iran’s Assembly of Experts elected the new leader of the Islamic Revolution, we respect the rights and choice of the Iranian people to elect their supreme leader,” an unnamed Foreign Ministry spokesperson was quoted as saying by state news agency KCNA.
Defying US President Donald Trump’s desire to have a say in who runs Iran, the Islamic republic on Sunday named Mojtaba Khamenei to replace his father, longtime ruler Ali Khamenei, who died in an Israeli airstrike on February 28.
North Korea, a longstanding US adversary, has previously condemned the US-Israeli attack on Iran an “illegal act of aggression.”
On Wednesday, the North Korean spokesperson reiterated that position, saying that the United States and Israel “are destroying the regional peace and security foundations and escalating instability worldwide.”
“Any rhetorical threats and military action, which violate the political system and territorial integrity of the relevant country, interfere in its internal affairs and openly advocate the attempt to overthrow its social system, deserve worldwide criticism and rejection as they can never be tolerated,” the spokesperson added.
In recent months, the Trump administration has mounted a push to revive high-level talks with Pyongyang, eyeing a potential summit between the US president and the North’s Kim Jong Un this year.
After largely ignoring those overtures for months, Kim recently said that the two nations could “get along” if Washington accepted Pyongyang’s nuclear status.
