France plans to limit Ukrainian imports

Restrictions on the import of agricultural products may cost Ukraine 1.2 billion euros in lost income.

France has joined Poland in calling for restrictions on the import of Ukrainian agricultural products. This is reported by Politico. 

Politico sources believe that such a decision will cost Ukraine 1.2 billion euros in lost trade revenues.

If this dispute is not resolved quickly, it may prove empty for the leaders’ claims of solidarity with Ukraine, as they easily succumb to unwarranted pressure from local farmers.

Recently, European legislators voted to introduce a number of restrictions on the European Commission’s proposal to extend duty-free imports for Ukraine for a year. It is about restrictions on the import of Ukrainian sugar, poultry and eggs.

Previously, only Poland, Hungary and Slovakia voted against the continuation of duty-free trade, while Bulgaria abstained.

Cereal crops and honey may be included in the new restrictions. The base period for calculating restrictions will be extended for another year.

We will remind, analysts of the Institute of Public Finance (IPF) in Poland refuted the opinion that Ukrainian grain harms the Polish agricultural market.

USM previously wrote that the European Commission will allow restrictions on the import of agricultural products from Ukraine.