European Parliament scheduled a vote to decide on the application of a 6.5% rate on the importation of these products, as part of the 17th Package of Sanctions
THE European Union is in the process of making a crucial decision on the imposition of new sanctions against the Russia and Belarus, with a particular focus on the taxation of fertilizers produced by these countries. The European Parliament scheduled a vote to decide on the application of a 6.5% rate on the importation of these products, as part of the 17th Package of Sanctions. This measure is not only intended to economically punish the two countries, but also seeks to reduce the European dependence on these agricultural inputs. The initiative arises amid continuous tensions due to Russian invasion in Ukraine, with the European Union committed to weakening Russia’s economic capacity to finance its military operations. In addition to Russia and Belarus, the European Union is considering sanctions against other countries, such as North Korea and Iran, which would be militarily supporting Russia.
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However, the approval of these measures faces resistance within the block. Countries such as Slovakia and Hungary, whose leaders maintain close relations with Moscow, have already spoken against new sanctions. Slovakia, led by Robert Fico, and Hungary, under the command of Viktor Orbán, can make it difficult to obtain the consensus necessary for the implementation of sanctions. Ukrainian President Volodymyr Zelensky has been pressured by more robust support in Europe, while the United States participates in negotiations further. The lack of an imminent ceasefire by Russia increases the urgency of measures that may ensure Ukraine safety.
Source: Jovempan
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