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EU - Latest news GMK Center

Photo – EU decreased steel production by 6.8% y/y in May 2022
EU decreased steel production by 6.8% y/y in May 2022

Nine European plants fully or partially suspended steel production

Photo – EU comes back to coal power
EU comes back to coal power

Four European countries plans to place 13.5 GW of coal power plants in supply reserves

Photo – Railway cars conjunctions at Ukraine’s border crossings reduced to 36,000
Railway cars conjunctions at Ukraine’s border crossings reduced to 36,000

In June, freight cars total at the border with the EU decreased by 5,700 units

Photo – Ukraine to discuss some rules on CBAM participation with EU
Ukraine to discuss some rules on CBAM participation with EU

Ukrainian businesses expect exporters to pay more than €1bn in carbon taxes

Photo – Iron ore market in EU is waiting for redistribution
Iron ore market in EU is waiting for redistribution

Diversification of supplies is required due to expected export cut from Ukraine

Photo – EC assigns €360 million more for the Rail Baltica railway project
EC assigns €360 million more for the Rail Baltica railway project

Rail Baltica will connect Tallinn, Riga, Kaunas, Warsaw and Berlin; the cost of the project tops €7 billion

Photo – European Union has granted Ukraine candidate status
European Union has granted Ukraine candidate status

Negotiations on Ukraine's membership in the EU to start in early 2023, and the expected date of accession is 2029

Photo – European Parliament has supported the implementation of CBAM and ETS
European Parliament has supported the implementation of CBAM and ETS

Parliament is ready to start negotiations with the EU government on the final text of the laws

Photo – European Parliament has supported granting Ukraine EU candidate status
European Parliament has supported granting Ukraine EU candidate status

The final decision on granting the status is expected at the EU summit on June 23-24

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

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