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Which countries' grain imports will be most affected by the new EU tariffs in 2024?
5
Resolution / Starting Odds
Russia only • 33%
Belarus only • 33%
Both Russia and Belarus • 34%
Official trade statistics, government reports
Story
EU Approves Higher Tariffs on Russian and Belarusian Grain Imports Starting in July
May 30, 2024, 09:52 AM
The European Union has approved a regulation to significantly increase tariffs on grain imports from Russia and Belarus. The European Council adopted this measure on May 30, aiming to curb the Kremlin’s revenues by imposing prohibitive duties on cereals, oilseeds, and derived products from these countries. The new tariffs, set to take effect in July, are expected to halt imports of these agricultural products, potentially exacerbating food inflation in the region.
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Similar markets
Ukraine • 25%
USA • 25%
Canada • 25%
Brazil • 25%
Germany • 25%
France • 25%
Italy • 25%
Spain • 25%
Germany • 25%
France • 25%
Italy • 25%
Spain • 25%
Increase imports from Russia • 25%
Increase imports from Ukraine • 25%
Increase imports from USA • 25%
Increase imports from other countries • 25%
China • 33%
India • 33%
Germany • 33%
Significant decrease in trade • 33%
Minor impact on trade • 33%
No change in trade dynamics • 34%
Wine • 25%
Dairy Products • 25%
Aircraft • 25%
None • 25%
Retaliatory tariffs • 50%
Negotiations and trade deals • 25%
No significant reaction • 25%
Germany • 33%
France • 33%
Other EU country • 34%