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business10h ago
New EU climate law deals ‘instant’ blow to Ukraine’s steel exports, industry says
- EU's CBAM is cited as driving early cancellations of Ukrainian steel orders in Europe.
- Ukrainian firms describe CBAM as a barrier affecting a major export sector worth billions.
- Executives call for transitional arrangements to align with EU rules while supporting Ukrainian industry.
- Industry argues CBAM could be used to fund modernization and boost demand for European tech.
- EU negotiators moved to limit foreign steel imports to favor bloc-made products.
- Ukraine remains keen on EU alignment as it seeks EU accession and market stability.
- CBAM targets carbon-heavy sectors to level the playing field for European producers.
- Policymakers aim to balance climate goals with the economic fallout for Ukraine.
- Industry groups welcome CBAM as a step toward fair competition in Europe.
- Ukraine calls for targeted support to absorb transition costs and stabilize exports.
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