The Australian government has announced a decision to increase tariffs on imports of all products from Russia and Belarus by 35% because of their illegal invasion of Ukraine.
Source: The Australian government
“The Australian Government is taking further action to increase the economic costs to Russia following its illegal invasion of Ukraine, supported by Belarus, by applying an additional tariff of 35 percent for all imports from Russia and Belarus”.
“This action follows Australia’s joint statement, with other like-minded members of the World Trade Organization, strongly condemning Russia’s actions and committing to take all actions we consider necessary, as WTO members, to protect our essential security interests”.
It is noted that the new tariffs will take effect on April 25.
The Australian government has also said it would provide $ 91 million in military assistance to Ukraine, including $ 65 million in humanitarian aid and 70,000 tons of coal.
