Every ton of products that can be sold in the EU provides jobs and employment in strategically important businesses, the holding says.
The European Union’s removal of trade restrictions on Ukrainian products of the mining and metallurgical complex (MMC) after a full-scale invasion of the Russian Federation has opened up the European market for Ukrainian metallurgical companies. This helped maintain the volume of product sales and ensure the stability and performance of domestic enterprises. The head of international relations of Metinvest, Andrey Kryl, spoke about this during the Future Summit of Ukraine, the press service of the holding reported.
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He thanked the EU and the European Commission for lifting the trade protection measures that were in place at the time of the Russian aggression.
“I speak on behalf of all Ukrainian steel producers: after the removal of these measures, the European market opened up for us, and this helped ensure the stability and performance of our businesses,” he said .
Kryl recalled that the Ukrainian mining and metals sector suffered the most from the war, as at least half of Ukrainian metallurgical capacity was lost. To increase production volumes, businesses also need European support – in particular, on the issue of sanctions on Russian metallurgical raw materials, which can be replaced by Ukrainian producers on the EU market.
Every ton of products we can sell in the EU provides jobs and employment in strategically important businesses. However, we see some challenges in the future, because there is still a certain amount of Russian products on the EU market, and we believe that this is wrong. It needs to be removed,” he added.
At the same time, Kryl emphasized that a new obstacle to work in the European market for Ukrainian companies is the carbon duty (CBAM), which will be fully operational in 18 months.
He expressed hope that thanks to the dialogue between the Ukrainian government and the European Commission, these obstacles can be overcome and trade flows will remain uninterrupted.
In his opinion, the Ukrainian and European metallurgical sectors face the same challenges – decarbonization, green steel production and changes in the way the entire industry is organized.
Earlier, Metinvest named the conditions for the development of export-oriented companies in Ukraine during the war. These include expanding logistics capabilities, currency liberalization and clear rules for employee booking.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.