EU Imposes Prohibitive Tariffs on Grain Products From Russia, Belarus

The Council of the European Union on May 30 approved a regulation that will impose tariffs on cereals, oilseeds and derived products from Russia and Belarus, with the goal of halting all imports of these goods into the EU. The duties also applied to beet-pulp pellets and dried peas from Russia and Belarus, which currently enter the bloc duty-free. The duties will enter into force July 1.