European Commission suggests 'prohibitive' tariffs on Russian, Belarusian grain

BRUSSELS:  The European Commission (EC) has suggested setting "prohibitively high" customs tariffs on grain from Russia and Belaru...

BRUSSELS:  The European Commission (EC) has suggested setting "prohibitively high" customs tariffs on grain from Russia and Belarus, deputy head of the EC Valdis Dombrovskis said.

"The European Commission proposed an actual ban on supplies of grain, sunflower seeds and fodder crops from Russia and Belarus to the internal market of the EU by setting so high tariffs that will make their exports to the EU economically disadvantageous," he said.

The Financial Times said earlier that the proposed tariff would amount to 95 euro per metric ton, while the average wheat price in the EU is about 193 euro per metric ton.

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