CBAM - Latest news GMK Center

It is not yet clear what such a decision will include, but it will certainly not be a complete non-application of CBAM for Ukraine

During such negotiations, it is very important for Ukraine to preserve the volume and continuity of trade

Ukraine needs time to adapt to European regulation

Domestic iron & steel industry will be the most damaged by CBAM

Ukraine may stop export of cement, fertilizers, pig iron, billets, long steel products after 2030

Exports of pig iron, billets and long steel products can stop after 2030

Practice shows that all companies that already submit new reporting have problems with this somewhat complicated documentation

It is predicted that the details of the mechanism will not be announced until mid-2025

Competition on markets which do not have their CBAMs will rise as companies facing high CBAM payments in the EU will have to search other markets for sales

According to the Ministry of Economy, the negotiation process has already begun

This mechanism can become an incentive for joining the British ETS to the European one