Tag #European Agriculture

How will the EU's strategy to reduce dependence on Russian fertilizers affect European agricultural competitiveness and the cost of food production?

The EU's move to reduce reliance on Russian fertilizers reflects a strategic shift in agricultural policy, driven by concerns over food security and Russia's potential for economic coercion. This 25% reduction in Russian fertilizer imports necessitates diversification of supply chains and could lead to increased production costs for European farmers, potentially impacting agricultural competitiveness. The new tariffs aim to boost domestic fertilizer production and reduce reliance on Russia.