"Helping Ukraine win the war": the EU wants to impose tough duties on Russian goods that are not subject to sanctions

The European Union (EU) is considering imposing duties on Russian goods that are not subject to sanctions. The turnover of such imports is up to 42 billion euros, and the restrictions may include food, nuclear fuel, and medicines.

This was reported by the Financial Times. It is noted that:

• "Sweden took the initiative;
• the revenues thus generated are to be transferred to Ukraine.

"The EU is considering imposing duties on Russian imports worth up to 42 billion euros that have not been affected by the sanctions regime. Although most of the EU's trade with Russia has been halted due to the war in Ukraine, some imports are still allowed, either because there are no alternatives for supply or because of fears of causing disruptions in global markets," the analysts explained.

It is emphasized that, according to Swedish Trade Minister Johan Forsell, the proposal for new duties for the EU "met with 'very strong support. Moreover, even though "in some areas it will be sensitive."

"I believe that the revenue from these tariffs could be spent to help Ukraine win this war," Forssell added.

For his part, Lithuanian Minister of Agriculture Kęstutis Navickas said that the EU should extend the restrictions to all agricultural products of this origin. After all, "by selling food products on the EU market, Russia earns billions that it can use to finance the war it has unleashed in Ukraine."

He emphasized that in 2023, the EU imported 2.7 billion euros worth of agricultural and food products from Russia. This is 2% more than in 2021. At the same time, grain accounts for only about half of this amount.

As reported by OBOZ.UA, earlier the Council of the European Union decided to introduce prohibitive duties on grain products imported from Russia and Belarus starting July 1. The relevant resolution increases the duties so much that in practice the import of these products will be stopped, the EU believes. Until July 1, trade will continue in the current format.

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