The European Union intends to introduce increased tariffs on Ukrainian goods imported into EU countries after June 5, when the duty-free trade conditions established in response to Russia’s full-scale invasion expire. According to estimates from the Ukrainian government, a return to pre-war trade conditions could reduce Ukraine’s revenues by approximately €3.5 billion per year.
This is reported by Finway
The free trade agreement between Ukraine and the EU is in effect; however, following Russia’s invasion in 2022, tariffs on Ukrainian imports were temporarily suspended. Brussels plans to implement “transitional measures” starting June 5, which will remain in place until the joint trade agreement is updated.
This decision to restore tariffs was made after Poland initiated measures to protect its farmers. Currently, Ukraine can sell a certain quantity of goods to the EU duty-free within a set quota that is valid for the year.
One possible transitional measure is the proposal to divide the annual quota into 12 parts, one for each month. This would allow for a more even distribution of Ukrainian imports throughout the year. This will particularly impact the sale of corn, sugar, honey, and chicken.