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European Commission - Latest news GMK Center

Photo – EU finance ministers are considering the possibility of agreeing on amendments to the CBAM
EU finance ministers are considering the possibility of agreeing on amendments to the CBAM

Most countries are opposed to granting the European Commission overly broad powers to exempt certain goods from the scope of the CBAM

Photo – The European Commission has approved Germany’s €1.3 billion hydrogen initiative
The European Commission has approved Germany’s €1.3 billion hydrogen initiative

The program will support the construction of up to 1 GW of electrolysers and the production of renewable hydrogen

Photo – Ukraine continues to explore ways to mitigate the impact of the CBAM on the economy
Ukraine continues to explore ways to mitigate the impact of the CBAM on the economy

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

Photo – The European Parliament has begun discussing a CBAM deferral for Ukraine
The European Parliament has begun discussing a CBAM deferral for Ukraine

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

Photo – The EC proposes updating the parameters of the EU ETS: industry will receive more free allowances
The EC proposes updating the parameters of the EU ETS: industry will receive more free allowances

Free allowances will cover approximately 75% of the industrial sector's emissions

Photo – The new EC proposal on CBAM does not mention an exemption for Ukraine
The new EC proposal on CBAM does not mention an exemption for Ukraine

At the same time, Ukrainian steel industry is critically dependent on exports to the EU

Photo – The EC is to consider the impact of CBAM on Ukraine by the end of the year
The EC is to consider the impact of CBAM on Ukraine by the end of the year

The European Commission's logic is that CBAM is one of the sources of the EC's own financing

Photo – EU provides €126 million to expand Romanian ports for Ukrainian cargo
EU provides €126 million to expand Romanian ports for Ukrainian cargo

Romanian companies will use EU money to build additional capacities in ports for storage and transshipment of Ukrainian exports

Photo – EC has improved the growth forecast of the Ukrainian economy
EC has improved the growth forecast of the Ukrainian economy

Ukraine's GDP growth is expected to be 4.8% in 2023

Photo – The EU initiates an anti-dumping investigation about bars from Turkiye and China
The EU initiates an anti-dumping investigation about bars from Turkiye and China

The investigation was initiated by the Spanish rolling company Laminados Losal

Photo – EU may loosen emissions controls for compensation gas shortages – El País
EU may loosen emissions controls for compensation gas shortages – El País

EU considers replacing Russian gas with other energy sources

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

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