The European Union (EU) has agreed to extend the waiver on tariffs for Ukraine’s grains for another year. In addition, the EU will provide over $100 million in aid to farmers in neighboring countries where crop prices have collapsed due to the influx of cheaper imports. Poland, Bulgaria, Hungary, and Slovakia had previously imposed unilateral bans on Ukrainian food imports to address the issue, but this move frustrated officials in Brussels and Kyiv. The EU tariff waiver was initially enacted last year to support Ukraine against Russia’s invasion, but it has created unintended consequences that threatened to disrupt the bloc’s united front on the war. “We have a solution which is addressing the concerns both of farmers in neighboring member states and Ukraine,” said Valdis Dombrovskis, the EU trade commissioner, in a video announcing the deal, which made some concessions for EU nations affected by the…
2023-04-28 15:22:59
Original from www.nytimes.com