The EU intends to increase duties on Russian fertilizers up to 100%

The European Union (EU) is going to increase duties on Russian fertilizers up to 100%. This was reported on the website of the European Commission (EC) on February 7.

"In addition to the existing ad valorem duty of 6.5%, the tariff will be subject to an additional specific duty, which will be gradually increased," - stated in the document.

Thus, in the first phase, calculated until July 1, €40-45 per tonne will be added to the current percentage. The increase is expected to be €60-95 between 2026 and 2027.

An increase to 100% or €315-430 is expected by July 2028. The document notes that the purpose of the increase is to diversify supply and reduce vulnerability to import restrictions from Russia and Belarus.

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The European Commission approved duties on a number of agricultural products from Russia and Belarus and some nitrogen fertilizers on January 28. At the same time, the export of Russian agricultural products and fertilizers to third countries will remain unchanged.

Associate Professor of the Department of Economic Policy and Economic Measurements of GUU Maxim Chirkov told "Izvestia" on January 29 that the introduction of duties on imports of agricultural products and nitrogen fertilizers from Russia to the European Union will not have serious consequences for the Russian economy. According to him, these restrictions are illogical and will negatively affect the European part of this industry.

Later, on January 31, Politico newspaper reported that the U.S. predicted a "triple failure" for the European Union amid the imposition of duties on Russian fertilizers. According to the newspaper, the restrictions may cause increased costs for European producers and third-country suppliers.

The Financial Times (FT) reported on February 2 that fertilizer producers in the EU are in favor of imposing higher duties on similar Russian products. The companies complain that their revenues have fallen in recent years amid a sharp rise in costs.

The West has increased sanctions pressure on Russia amid a special operation to protect the population of Donbass. The decision to launch the operation was made by the Russian president amid an aggravation of the situation in the region due to Ukrainian shelling.