President signed the legislation championed by late senator Lindsey Graham last month but has waived the restrictions as they were due to come into effectDonald Trump has put on hold a sweeping new sanctions package targeting the Russian economy, telling Congress the pause on the legislation passed by both chambers was in the national interest.In an executive order on Friday, the US president said he was waiving many sanctions, restrictions and duties on Russia, in a move that comes as he has
President signed the legislation championed by late senator Lindsey Graham last month but has waived the restrictions as they were due to come into effect
Donald Trump has put on hold a sweeping new sanctions package targeting the Russian economy, telling Congress the pause on the legislation passed by both chambers was in the national interest.
In an executive order on Friday, the US president said he was waiving many sanctions, restrictions and duties on Russia, in a move that comes as he has been publicly criticising Ukrainian president Volodymyr Zelenskyy, including suggesting that Ukraine needs a new leader.
Voters’ opposition to the state of Trump’s economy is well established – despite his desperate attempts to deflectTell us: what is your personal ‘recession indicator’?It’s indisputable that the political polarization of our time has reduced (and confused) the influence of economic conditions on US elections.In September of 2024, in the waning weeks of the Joe Biden presidency, 65% of Republicans believed the US economy was getting worse. About six months later, as Donald Trump launched a trade w
It’s indisputable that the political polarization of our time has reduced (and confused) the influence of economic conditions on US elections.
In September of 2024, in the waning weeks of the Joe Biden presidency, 65% of Republicans believed the US economy was getting worse. About six months later, as Donald Trump launched a trade war on the rest of the world with his “liberation day” tariffs, the share of Republican pessimists had dropped to 33%.
The Council of the EU on June 12 approved fresh tariffs on fertilizers and remaining agricultural goods from Russia and Belarus, aiming to reduce Russian export revenues.The measures target those goods that have not yet been subject to additional customs duties and will enter into force on July 1. The tariffs on fertilizers will increase gradually over the next three years.The step comes as the EU readies additional sanctions against Russia as it continues to wage its all-out war against Ukraine
The Council of the EU on June 12 approved fresh tariffs on fertilizers and remaining agricultural goods from Russia and Belarus, aiming to reduce Russian export revenues.
The measures target those goods that have not yet been subject to additional customs duties and will enter into force on July 1. The tariffs on fertilizers will increase gradually over the next three years.
"Polish Presidency motto is 'Security, Europe!' and these measures increase our economic security by reducing dependencies from Russia," said Michal Baranowski, the trade undersecretary at the Polish Economy Ministry.
"We are further reducing Russia’s export revenues and therefore its ability to finance its brutal war. This is united Europe at its best," he said in a statement.
The new tariffs will apply to goods that made up around 15% of all agricultural imports from Russia in 2023. Fertilizer tariffs will focus on certain nitrogen-based products, the Council said in a statement.
Russian fertilizers accounted for more than a quarter of all of the EU's imports in this sector in 2023, worth almost $1.5 billion.
Apart from stifling Russia's trade revenue, the step also aims to reduce the EU's dependence on Russian and Belarusian goods, protect European farmers, and diversify the supply.
The EU adopted higher tariffs on cereals, oilseeds, and some other products from Russia and Belarus in May 2024. Earlier this year, the European Commission proposed imposing similar measures on all remaining agricultural products from the two countries.