Monday, 25 November, 2024
|
In Stepanakert:   0 °C

Canada is imposing a 35-per-cent tariff on goods from Russia and Belarus as Moscow’s war in Ukraine rages on

Canada is imposing a 35-per-cent tariff on goods from Russia and Belarus as Moscow’s war in Ukraine rages on
1413
Thursday, 03 March, 2022, 19:24

The penalty is the latest of a slew of measures imposed by Canada and allies over Russia’s invasion of its democratic neighbour, which entered its second week on Thursday.Deputy Prime Minister Chrystia Freeland told reporters at a news conference in Ottawa that the federal government is revoking Russia and Belarus’ status as a most-favoured-nation trade partner under World Trade Organization (WTO) provisions.

North Korea is the only other nation that does not enjoy that status with Canada.

“We are working closely with our partners and allies to encourage them to take the same step,” Freeland said.

“Simply put, this means that Russia and Belarus will no longer receive the benefits, particularly low tariffs that Canada offers to other countries that are fellow members of the WTO.”