![EU states agree 'prohibitive' tariffs on Russia grain imports](https://photo-cdn.urdupoint.com/images/UrduPoint-English-22.png)
EU States Agree 'prohibitive' Tariffs On Russia Grain Imports
Umer Jamshaid Published May 30, 2024 | 03:40 PM
![EU states agree 'prohibitive' tariffs on Russia grain imports](https://photo-cdn.urdupoint.com/images/UrduPoint-English-22.png)
Brussels, (APP - UrduPoint / Pakistan Point News - 30th May, 2024) EU states agreed on Thursday to impose "prohibitive" duties on grain imports from Russia in a bid to restrict 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 notably "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 elsewhere are not impacted.
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.
"These measures will therefore prevent the destabilisation 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.
Russia at the time warned against the move. "Consumers in Europe would definitely suffer," Kremlin spokesman Dmitry Peskov said in March.
Ukrainian President Volodymyr Zelensky had told EU leaders earlier this year that it was unfair Russian grain maintained access to their markets, while Ukrainian imports faced restrictions.
jug-raz/ec/lth/
Related Topics
Recent Stories
![Cricket: England v West Indies 3rd Test scoreboard](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019914.jpg)
Cricket: England v West Indies 3rd Test scoreboard
![Finance minister briefs Chinese officials on refor ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019922.jpg)
Finance minister briefs Chinese officials on reform agenda, engagement with IMF
![Finland says Russian vessel violated its territori ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019912.jpg)
Finland says Russian vessel violated its territorial waters
![Olympic opening ceremony under way on River Seine](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019266.jpg)
Olympic opening ceremony under way on River Seine
![West Indies' treble strike rocks England in third ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019264.jpg)
West Indies' treble strike rocks England in third Test
![Ukraine court orders detention of suspect in murde ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019262.jpg)
Ukraine court orders detention of suspect in murder of nationalist ex-MP
![Long queues, ticketing problems ahead of Paris ope ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019015.jpg)
Long queues, ticketing problems ahead of Paris opening ceremony
![Rana Sanaullah Khan joins Paris 2024 Olympics inau ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019638.jpg)
Rana Sanaullah Khan joins Paris 2024 Olympics inauguration reception
![Glowing tributes mark 69th birthday of President Z ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019637.jpg)
Glowing tributes mark 69th birthday of President Zardari at Governor's House
![Players unaware of spying scandal as Canada Olympi ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019635.jpg)
Players unaware of spying scandal as Canada Olympic coach sent home: official
![Naqvi hails Pak women cricketers for going down fi ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019013.jpg)
Naqvi hails Pak women cricketers for going down fighting against SL
!['Sabotage' on French rail network before Olympics: ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019634.jpg)
'Sabotage' on French rail network before Olympics: What we know
More Stories From World
-
Biden talks Gaza ceasefire efforts with king of Jordan
4 hours ago -
Sinaloa Cartel co-founder pleads not guilty after stunning US capture
4 hours ago -
Panama says Venezuela blocked ex-presidents going to observe polls
4 hours ago -
Ethiopia mourns victims of landslide tragedy
5 hours ago -
Khan Yunis fighting displaces 180,000 Gazans in four days: UN
5 hours ago -
Trump slams rivals as he meets Netanyahu in Florida
5 hours ago
-
Obama & his wife, Michelle, officially endorse US VP Kamala Harris for president
5 hours ago -
Rain, cooling slow huge blaze in Canada's Jasper park
5 hours ago -
Airbus and Boeing supremacy secure despite turbulence
5 hours ago -
S.African police detain 95 Libyans at suspected military camp
5 hours ago -
'Slapping therapist' guilty over UK diabetic woman's death
6 hours ago -
Panama says Venezuela blocked flight of ex-presidents going to observe polls
6 hours ago