Estonia Proposes EU Tax on Russian Goods for Ukraine Reconstruction

Estonian Prime Minister Kristen Michal is calling on the European Union to levy tariffs on Russian goods to finance the reconstruction of Ukraine following the ongoing war. The estimated cost of rebuilding Ukraine’s infrastructure and damaged cities is hundreds of billions of euros, and Michal argues that utilizing trade policy is a necessary step. This proposal follows existing sanctions and a recent €90 billion loan from the EU to support Ukraine’s economy.

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