Published by Global Banking & Finance Review®
Posted on May 14, 2025
1 min readLast updated: January 23, 2026
Add as preferred source on GoogleThe EU is preparing to impose higher tariffs on imports from Ukraine, affecting its economy during its conflict with Russia, according to the Financial Times.
(Reuters) -The EU is preparing to apply much higher tariffs on imports from Ukraine within weeks, hitting Kyiv's economy at a crucial time in its fight against Russian aggression, the Financial Times reported on Wednesday, citing diplomats.
The proposal, recently sent to EU member states, would drastically cut the tariff free quotas of agricultural products — a lifeline for Ukraine's farmers and budget, FT said.
(Reporting by Disha Mishra in Bengaluru; Editing by Muralikumar Anantharaman)
The main topic is the EU's plan to impose higher tariffs on imports from Ukraine, which could impact its economy during the ongoing conflict with Russia.
The tariffs are significant because they will reduce tariff-free quotas for Ukrainian agricultural products, affecting the country's farmers and budget.
The news was reported by the Financial Times, citing diplomats familiar with the proposal.
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