WORLD


Australia increases tariffs on all Russian and Belarusian imports

Baku, March 31, AZERTAC

Australia will apply an additional tariff of 35% on all imports from Russia and Belarus, the Department of Foreign Affairs and Trade announced in a press release Thursday, according to CNN.

“Australia will issue a formal notification withdrawing entitlement to the Most-Favoured-Nation (MFN) tariff treatment and applying an additional tariff of 35 per cent to all imports from Russia and Belarus,” the press release said, adding that Australia would be joining “other like-minded” countries by doing so.

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