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EU backs tariffs on fertiliser imports from Russia, Belarus

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Al Jazeera :

European Parliament backs bill that will enact duties in July and gradually increase them over three years.
The European Parliament has voted to impose tariffs on fertiliser and certain farm produce imports from Russia and its ally Belarus, despite European farmers’ fears that the move could lead to higher prices.
The European Parliament on Thursday voted 411 to 100 in support of the bill that will enact duties in July and gradually increase them to a point where they would make imports unviable in 2028.
In 2023, more than 70 percent of EU fertiliser consumption was of nitrogen-based fertiliser, of which Russia accounted for 25 percent of EU imports worth about 1.3bn euros ($1.5bn).
According to the bloc, the tariffs for certain fertilisers will increase over three years from 6.5 percent to an amount equivalent to about 100 percent, effectively halting trade by 2028. For farm produce, an additional 50 percent duty will apply.

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