FT: EU to levy €95 duty per tonne on grain from Russia and Belarus

The European Union will levy a €95 per tonne duty on grain imports from Russia and Belarus.

The Financial Times writes about it, citing sources.

“The EU is preparing to introduce duties on grain imports from Russia and Belarus to reassure farmers and some member states,” the material says.

It is specified that its size will be €95 per tonne of grain from the two countries.

According to the publication, this step will lead to an increase in prices by at least 50%. In addition, duties of 50% will be introduced on oilseeds and oilseed products.