EconomyPolitics The EU proposes to proceed duty-free imports of Ukrainian metal, whereas concurrently buying items from Russia. Wednesday, March 12, 2025

The European Fee has taken the initiative to proceed supporting the Ukrainian metallurgical business, leaving the present exemption from commerce restrictions on metal imports from Ukraine to the EU unchanged. By way of this initiative, the Ukrainian metallurgical sector will have the ability to proceed exporting merchandise to the EU with out restrictions, which is a crucial supply of revenue for Ukraine. This resolution is geared toward supporting Ukrainian producers who’ve discovered themselves in tough circumstances ensuing from Russian aggression. If the proposal is supported by the EU Council and the European Parliament, Ukrainian metal will stay outdoors the scope of EU safeguard measures even after the momentary autonomous commerce measures expire. The EU market accounts for 64% of Ukraine’s metal exports. Nonetheless, final yr, regardless of sanctions, the EU imported 5.34 million tons of metallurgical merchandise from the Russian Federation value over €2.5B. The most important import volumes have been semi-finished merchandise – 3.15 million tons (+1.1%). Ukraine might exchange Russian suppliers by rising its metallurgical manufacturing capability.