(Bloomberg) -- The European Union’s executive arm has proposed putting punitive tariffs on imports of some Russian agricultural products to discourage flows ...
-- The European Union’s executive arm has proposed putting punitive tariffs on imports of some Russian agricultural products to discourage flows and curb the country’s wartime revenue, according to a senior EU official.What Happens If Trump Can’t Post His $454 Million BondThe duties would hit several items, including grains and oilseeds as well as some of their derived products, the person said.
“Our proposed prohibitive tariffs will make imports of these products commercially unviable, thereby also preventing possible future surges that could destabilize the EU food market,” said Executive Vice President and Commissioner for Trade Valdis Dombrovskis. It would also shield the EU from importing any grain Russia has illegally stolen from Ukraine.
Bauer led the first official visit to Kyiv by a NATO military delegation since February 2022 when Russia sent thousands of troops to Ukraine in a multi-pronged invasion. Kyiv's troops are facing shortages of ammunition shells and manpower, and are on the back foot in the east where Russian forces are inching forward.
Too often the answer is inefficient and ineffective regulation that takes too long, costs too much and is too cumbersome and unpredictableFederal Reserve still foresees 3 interest rate cuts this year despite bump in inflation
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