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EU Seeks 50% Tariff on Soaring Russian Imports

6/5/2025

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Summary

Story summary

The EU's struggle to cut ties with Russian imports is evident as fertilizer purchases have skyrocketed from 17% to 30% since 2022. In response, the EU aims to impose steep tariffs, potentially hitting 50% by 2028, to promote alternative sourcing. Additionally, Russian gas deliveries to Europe rose by 10.3% in May, defying LNG challenges.

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Story summary

The EU's struggle to cut ties with Russian imports is evident as fertilizer purchases have skyrocketed from 17% to 30% since 2022. In response, the EU aims to impose steep tariffs, potentially hitting 50% by 2028, to promote alternative sourcing. Additionally, Russian gas deliveries to Europe rose by 10.3% in May, defying LNG challenges.