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EC hopes grain tariffs will undermine Russian revenues

Russia exported grain to the European Union to the amount of 1.3 bln euro in 2023

BRUSSELS, March 22. /TASS/. The European Commission (EC) hopes that grain tariffs suggested by it at the EU summit will undermine Russian revenues and its ability to finance combat operations in Ukraine, according to the statement made by the EC.

"The European Commission is today proposing to increase the tariffs on imports into the EU of cereals, oilseeds, and derived products (‘grain products') from Russia and Belarus, including wheat, maize, and sunflower meal," the statement reads. "The measures are designed to prevent EU market destabilization through any future significant redirection of Russian grain products onto the EU market," it added.

Russia exported grain to the European Union to the amount of 1.3 bln euro in 2023, the Commission noted.

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