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Photo – Protectionism turns “green”: here is how
Protectionism turns “green”: here is how

CBAM was just the beginning of a new trend

Photo – European Union will provide €9 billion aid to Ukraine this week, – Bloomberg
European Union will provide €9 billion aid to Ukraine this week, – Bloomberg

The new package includes 25-year loans with a 10-year grace period to pay the loan principal

Photo – 40,000 railway cars stuck at Ukraine’s border crossings
40,000 railway cars stuck at Ukraine’s border crossings

The number of freight cars at the Ukraine’s border with the EU continues to increase

Photo – EUROFER calls on the European Parliament to review ETS and CBAM
EUROFER calls on the European Parliament to review ETS and CBAM

According to EUROFER, EU Emissions Trading and Cross-border Carbon Tax Proposals derail green transition

Photo – Ukrainian exporters to pay more than €1 billion to the EU under the CBAM
Ukrainian exporters to pay more than €1 billion to the EU under the CBAM

The updated CBAM version has stricter requirements compared to the one published by the European Commission last July

Photo – European steelmakers concern about potential gas shortages
European steelmakers concern about potential gas shortages

High energy prices have already caused steel and its production prices growth in the region

Photo – EU reimposes antidumping duties on rolled aluminum from China
EU reimposes antidumping duties on rolled aluminum from China

On July 12, 2022, the European Commission will return tariffs on Chinese products after a 9-month break

Photo – European Union has suspended import duties for Ukraine for a year
European Union has suspended import duties for Ukraine for a year

Thanks to these measures, the European Union will be able to support Ukraine's economy significantly

Photo – European Parliament supported the abolition of import duties for Ukraine
European Parliament supported the abolition of import duties for Ukraine

The measures will completely abolish EU import duties on all Ukrainian exports, including steel, for one year

Photo – EUROFER expects 1.9% drop of metal consumption in the EU in 2022
EUROFER expects 1.9% drop of metal consumption in the EU in 2022

Reasons for the forecast update: the war in Ukraine, rising energy prices and the supply chains disruptions

Photo – EU and US consider $14 billion macro financial assistance to Ukraine
EU and US consider $14 billion macro financial assistance to Ukraine

At a meeting on May 18, the European Commission will make an early calculations of the amount of money needed to rebuild Ukraine

Photo – EC has approved a proposal on the sixth sanction package against Russia
EC has approved a proposal on the sixth sanction package against Russia

European Union proposes to set a period for the introduction of a ban on imports: six months for crude oil, refined – at the end of the year

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