Latvia Plans 300% Tariff on Russian Grain

Latvia plans to impose a 300 percent tariff on grain arriving from Russia and Belarus. The move aims to cut off key alternative routes used by Russian exporters after Ukrainian strikes paralysed Black Sea ports.

FILE PHOTO: FILE PHOTO: A general view shows a grain terminal in the Baltic Sea port of Vysotsk in the Leningrad region, Russia August 21, 2024. REUTERS/Anton Vaganov/File Photo

Latvia plans to impose a 300% tariff on grain arriving from Russia and Belarus, Prime Minister Andris Kulbergs said on Monday afternoon. The move targets alternative export routes used by Moscow as traditional shipping lanes face disruptions. Traders have increasingly routed shipments through Baltic ports following repeated attacks by Ukraine on Russian maritime infrastructure.

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