-
Oil prices, US inflation stoke Fed hike worries
-
Macau to hold closed-door trial in first national security case
-
Free-scoring Chelsea must tighten up, says Alonso
-
Philippines recovers 30 bodies from ferry after blaze
-
US inflation steady in August, fueling Fed rate hike expectations
-
Relative of 9/11 victim unleashes searing attack on Saudi Arabia
-
United boss Carrick dismisses Anderson's 'kings of Manchester' jibe
-
Russell edges Antonelli in accident-free opening practice in Madrid
-
New York marks 25th anniversary of 9/11 attacks
-
Sweden's outgoing PM wants to 'make Sweden great again'
-
Yemen's Houthis take over strait vital to global shipping
-
Fenced off: Thailand builds border wall after Cambodia clashes
-
Russia rolls out long-delayed 5G, but not for iPhones
-
Pakistan's Masood frustrates England's victory push in 3rd Test
-
DR Congo Ebola outbreak spreads to 7th province
-
Revitalised Isak in a 'good place' at Liverpool: Iraola
-
Turning up the heat: Arteta reveals 'challenges' for Arsenal stars
-
Arsenal boss Arteta 'very surprised' at Jesus blast over Barcelona move
-
F2 crash in Madrid underlines fears over 'riskiest track'
-
Czech antitrust office lets Turkey's Pegasus Airlines buy Smartwings
-
Nepal flood reconstruction bill to be $4.78 bn: foreign ministry
-
Maresca says spotlight not on him ahead of Manchester derby
-
Investors on edge as energy costs, surging bond yields roil markets
-
Philippine Coast Guard finds bodies aboard ferry after blaze
-
JUMO and Standard Bank launch Social Finance Framework to scale inclusive finance in Africa
-
UK lawmakers to vote again on failed assisted dying bill
-
Doomsday tech: could AI really kill us all?
-
India welcomes Russia, Iran leaders for BRICS summit overshadowed by war
-
Yemen's Houthis complete takeover of Bab al-Mandab area: govt official to AFP
-
Italian feminist fighter Emma Bonino dies
-
Toronto film festival kicks off with ode to political activism
-
White blazers, pink ties as North Koreans land in Japan for Asian Games
-
French comedy show 'Call my agent' makes film comeback
-
Stocks tumble as oil and inflation worries fan rate hike bets
-
Indonesia seeks to bring back baby orangutans allegedly trafficked to India
-
Tiny Elversberg 'leave Earth's orbit' as Bayern come to town
-
World Cup winner Juan Mata hangs up boots at Melbourne Victory
-
Indonesia to bring back baby orangutans allegedly trafficked to India
-
From potato chips to silicon chips: lobbies cover all in Brussels
-
Business booms as lobbyists push 'priorities' in EU capital
-
Fast-pace dance takes I.Coast's working-class streets by storm
-
All Blacks coaching great Steve Hansen joins rugby league side Manly
-
Putin in India for BRICS summit overshadowed by war
-
'Desperate' Sabalenka books US Open title clash with Rybakina
-
No jet lag for 49ers as Purdy routs Rams in Australia
-
Rybakina rallies to beat Gauff, book US Open final with Sabalenka
-
Mourinho seeking 'killer' Vinicius as Real Madrid face Rayo
-
Manchester derby poses Maresca's first big test, Chelsea aim to end Hull Honeymoon
-
Vance assails Democratic 'hatred' in fiery US midterm pitch
-
It's all coming back: Celine Dion fans gear up for Paris return
EU eyes tariffs to 'choke off' Russian grain sales
The EU is looking to "choke off" revenue Russia uses for its war on Ukraine by slapping "prohibitive tariffs" on grain and related imports into the bloc, under a plan being put to a leaders summit on Friday.
Moscow responded immediately by saying Europeans would "suffer" from the move.
The added sanctions, welcomed by Kyiv, will not apply to Russian grain transiting through the European Union to other markets, so as not to disrupt food supplies elsewhere, EU trade commissioner Valdis Dombrovskis said.
Ukrainian President Volodymyr Zelensky complained to the EU leaders meeting in Brussels Thursday, via video link, that it was not fair Russian grain continued to have "unrestricted" access to their markets, while Ukrainian imports were being limited.
Brussels has been seeking to increase pressure on Moscow's finances after several rounds of sanctions that have already frozen Russian assets in the 27-nation bloc, targeted leaders including President Vladimir Putin and curbed trade.
At the same time, the European Commission has been multiplying concessions to EU farmers, who have been holding protests over depressed income, part of which they blame on grain imports from war-torn Ukraine.
Commission president Ursula von der Leyen said late on Thursday that the proposed tariffs would "prevent Russian grain from destabilising the EU market in these products".
Moscow warned against the plan.
"Consumers in Europe would definitely suffer," Kremlin spokesman Dmitry Peskov said.
- Global food security -
Dombrovskis, speaking on Friday, said: "Today's proposal will choke off another important source of revenue for the Russian government to fund its illegal war of aggression against Ukraine."
The tariffs were also to be imposed on products from Belarus, which served as a staging ground for Russia's all-out invasion of Ukraine.
The proposal follows an increase in Russian agricultural imports into the EU in 2023, according to the commission.
The tariffs would target imports of cereals, oilseeds and derived products from Russia and Belarus, applying at a level of either 95 euros ($103) per tonne or 50 percent of the value, depending on the product.
"Our proposed prohibitive tariffs will make imports of these products commercially unviable," Dombrovskis said.
"It will also help put a stop to the Russian practice of illegally exporting stolen Ukrainian grain into the EU", Dombrovskis said.
Under World Trade Organization rules, virtually all Russian grain has until now been exempt from EU import duties.
Despite sanctions taking aim at huge swathes of Russia's economy, the EU until now avoided targeting the farm or fertiliser sectors for fear of destabilising the global cereal market and undermining food security in Asia and Africa.
"We have been careful to uphold global food security," Dombrovskis said, adding that the move "will not affect the transit of Russian and Belarussian grain products to third countries."
Russia last year exported 4.2 million tonnes of cereals and related agricultural products to the EU, for a total value of 1.3 billion euros. Belarus imported 610,000 tonnes, with a value of 246 million euros.
D.Johnson--AT