[Source: CNN]
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.
“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.
Reiterating Australia’s support for “the sovereignty and territorial integrity of Ukraine,” Australia will “work closely with (its) partners to ensure Russia is held to account for its actions,” according to the release.
The statement coincided with Ukrainian President Volodymyr Zelensky’s virtual address to the Australian parliament on Thursday.
