The European Union in order to appease European farmers has decided to impose new tariffs on Ukrainian eggs and sugar, as Kiev remains a key competitor in the agricultural sector despite the war. Tariffs of €89 per tonne on Ukrainian oats have so far been announced, while tariffs on Ukrainian eggs and sugar are expected, with analysts predicting they will last until mid-2025. According to a report in the Financial Times, European officials are concerned about the potential of Ukraine in the agricultural sector, especially if it joins the EU after the war. “He’s a terrific agricultural player. She is still competitive while waging war. It has no subsidies but chronic underinvestment and chronic corruption. Imagine when the war stops and he gets investment,” said Dmitriy Grozubinsky, author and director of the ExplainTrade consulting company. Taras Kachka, Ukraine’s trade representative, told the FT that the tariffs, expected to be announced on Friday, would amount to €419 per tonne […]
Source: News Beast
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