CBAM - Latest news GMK Center

Investors expect that the regulatory changes will exempt imports of energy from renewable sources from the levy

Another key challenge is the readiness of domestic manufacturers to comply with European competition rules

Protectionism has always been one of the key challenges facing the Ukrainian steel industry over the past 20 years

The company notes that the European CBAM will not have a significant impact on them

The main challenges lie in working with the European Commission, while the European Parliament supports Ukraine's position

So far, the European Commission has avoided giving clear answers about the prospects for easing the mechanism for Ukraine.

The actual impact of the mechanism on Ukraine is significantly worse than the European Commission had forecast (-0.01% of GDP)

Ukraine does not have excess production capacity

The European Commission has acknowledged the issue regarding the use of default emission values, and it will be resolved in the near future

EUROFER and the business community warn: unless changes are made, the mechanism will encourage imports and put pressure on European producers

This mechanism could paralyze an industry that is critical to the country's defense

This issue will be raised at the political level for further resolution