Starting tomorrow, the EU will reduce duty-free steel import quotas, including those for Ukraine

The European Commission is reducing import quotas for 26 categories of steel products by 47% and raising import duties on steel exceeding the quota to 50% effective July 1. 

The total annual volume of duty-free imports will be capped at 18.3 million metric tons to protect the steel industry following the expiration of previous safeguard measures.

Half of the established annual quota is reserved exclusively for preferential trade partners, while the other half is available to all trading partners without discrimination, including countries with free trade agreements.

This is stated in a press release from the European Commission.

Despite more than four years of European Union sanctions against the Russian steel industry, Belgium remains one of the largest importers of Russian steel products.

Following inspections in May, the two largest payment terminal networks—EasyPay (LLC “FC ‘Kontraktovy Dom’”) and City24 (LLC “Swift Garant”)—were hit with massive fines: 135 million hryvnias each.