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EU prepares tariffs on Russian goods exempt from sanctions

31/05/2024 06:26

The EU is considering levying tariffs on up to €42bn of Russian imports that have been spared by the sanctions regime imposed by the bloc in response to Moscow’s full-scale invasion of Ukraine.

EU trade ministers on Thursday asked the European Commission to draw up a plan to place duties on products that are exempt from the measures, such as food, nuclear fuel and medicines, with the revenues likely to go to Ukraine. The initiative was put forward by Sweden.

Source: Financial Times