The EU will impose high tariffs on Russian fertilizers and plans to completely stop imports in three years.

On May 22nd, the European Parliament passed a resolution with 411 votes in favor, 100 against, and 78 abstentions to impose an excess tax on millions of tons of fertilizers imported annually from Russia to Europe over the next three years, and will completely stop importing nitrogen fertilizers and other fertilizers from Russia after three years.

In simple terms, the EU has begun to impose high tariffs on fertilizers imported from Russia, and will cease importing fertilizers from Russia in three years.

The ultimate goal of this bill by the European Parliament is to cut off funding for Russia's war efforts in Europe.

At the same time, Europe faces another challenge: causing price increases, particularly in food prices.

Source: https://www.toutiao.com/article/1832870623915017/

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