The European Parliament gave the green light on Thursday to extend the exemption from tariffs on imports from Ukraine for another year. The measure, which will be in effect until June 2024, aims to help Kyiv regain its commercial revenues, which have been under severe strain since the start of the Russian invasion. This decision comes amid the debate on the blockade of Ukrainian grain from Poland, Hungary, Slovakia, Bulgaria and Romania, which denounce the negative economic effects of these products on their economies. The European Parliament’s International Trade Committee approved the motion by 27 votes to 1, with 7 abstentions, although it still needs approval from the plenary in May before it takes effect. The exemption expires on June 5 and envisages the total suspension of taxes for the entry into the EU of fruit, vegetables and industrial products. The veto power of the countries bordering Ukraine on the grain that this country exports will also depend on the extension of these measures. Brussels expects that the import blockade will also be extended until the end of the year and ensures that it “perfectly understands” the situation these countries are going through and the problems it creates for their farmers. To mitigate this impact, the Community Executive has announced support of €100 million for the agricultural sector of these Member States.
Source: La Verdad
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