OREANDA-NEWS The European Commission (EC) will soon impose duties on grain from Russia and Belarus in the amount of 95 euros per ton to reduce demand for it and "reassure farmers," writes the Financial Times (FT), citing sources.

According to the publication, the method invented by the European authorities will allow to raise prices for these products by at least 50 percent. In addition, duties of 50 percent will be imposed on oilseeds and products of their processing.

The decision is planned against the background of protests in the EU countries demanding the return of customs duties on imports of agricultural products from Ukraine, the cancellation of which, according to farmers from Poland, Hungary and Slovakia, reduced their revenue. Some European politicians, in particular the Minister of Transport of Latvia Kaspars Briskens, have previously called for a ban on grain supplies from Russia

In the first half of the 2023-2024 agricultural year, the Russian Federation increased exports of cereals and legumes to a record level, supplying almost 39 million tons of products abroad.