EU lawmakers back huge tariff hike for Russia, Belarus fertiliser
BRUSSELS, May 22 (Reuters) - The European Parliament voted on Thursday to impose very high tariffs on fertilisers and certain farm produce from Russia and its ally Belarus to prevent a potential threat to EU food security and limit Russian funds for its war against Ukraine.
Tariffs for certain nitrogen-based fertilisers will rise over three years from 6.5% to an amount equivalent to about 100%, a level that would effectively halt trade. For the farm produce, an additional 50% duty will apply.
The tariff hikes are expected to take effect on July 1.
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