EU Proposes Tariffs on Russian Grain Imports

The European Union (EU) is taking steps to end Russian grain imports by imposing steep tariffs, with plans to impose a tariff of up to 50% on Russian grain imports. This move is part of an effort by the EU to curb Moscow's export revenue and hinder its ability to fund its war in Ukraine. The Kremlin responded immediately by warning that Europeans would "suffer" from the move. It is important to note that this sanction will not apply to Russian grain transiting through the European Union to other markets, to prevent potential illegal dumping of grain by Russia as it seeks to weaponize its resources. Sources differ on the potential impact of these tariffs and Moscow's response.