The EU Council adopted a rule imposing tariffs on a range of agricultural products, along with some fertilizers from Russia and its close ally Belarus on June 7. The regulation becomes effective July 1 and applies EU tariffs to all farm products and fertilizer from Russia. The tariffs on fertilizers will phase in over three years to allow the bloc’s farmers time to adapt.
In 2023, imports of the affected fertilizers from Russia accounted for over 25% of the Union’s total imports in the sector, a...
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