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The European Union is set to propose punitive tariffs of 50-100% on the imports of some Russian agricultural products as early as Friday, aiming to significantly curtail trade of these items with the bloc. This move is part of broader efforts to constrain Russia's capacity to finance its war against Ukraine, with the European Commission specifically targeting imports of cereal, oil seed, and grain products from Russia and Belarus. The decision has garnered support from various EU member states, including France, which, alongside Hungary and Poland, has raised concerns over the impact of duty-free Ukrainian agricultural imports on local farmers. These concerns have been echoed by widespread farmer protests across Europe, demonstrating against the influx of Ukrainian products into the market and slowing aid to Ukraine. The imposition of tariffs on Russian and Belarusian agricultural goods has been lauded by some as a step in the right direction, with suggestions to extend these tariffs to all imports from Russia to further pressure its economy.
