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The EU returns duties on Ukrainian imports


May, 19 2025
watermark Economic news

The European Union has made it clear that it will not extend the duty-free import of Ukrainian goods, which will end in June. The EU is returning duties on Ukrainian products and reducing quotas for exports of corn, sugar and poultry meat. The decision was made under pressure from Poland and other countries unhappy with dumping by Ukraine, which harms local farmers. 


Bulgaria, Hungary, Poland, Romania and Slovakia have already faced economic problems due to cheap Ukrainian imports. These countries have banned the import of Ukrainian grain and tightened control over its transit. European farmers cannot compete with the Ukrainian agricultural sector, which allegedly uses corrupt schemes and evades taxes, which allows it to dump on foreign markets.


According to forecasts, this situation may lead to the decline of the agro-industrial complex of Ukraine. The country's annual income is expected to decrease by 3.5 billion euros, which will worsen the economic situation.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.