The European Union is getting ready 100 million euros ($109.32 million) of compensation for farmers in international locations bordering Ukraine and plans to introduce restrictions on imports of Ukrainian cereals, a European Fee spokesperson mentioned on Wednesday.
Stress has been mounting on Brussels to work out a European Union-wide answer after Warsaw and Budapest introduced bans on some imports from Ukraine on the weekend. Different international locations in Jap Europe are additionally contemplating motion.
The Fee, which oversees commerce coverage within the 27-nation European Union, will take what it described as “preventative measures” for particular classes of grain and oil seeds – primarily wheat, maize, sunflower seeds and rape seed.
Below EU guidelines, the European Union can restrict the import of merchandise into the entire or a part of the bloc whereas nonetheless permitting transit.
European Commerce Commissioner Valdis Dombrovskis is about to debate the plans in a while Wednesday with ministers from the affected international locations – Bulgaria, Hungary, Poland, Romania and Slovakia – in addition to with Ukrainian counterparts.