Some of the sanctions against Russian manufacturers of metal products actually played a role, but the rest did not work, the handling noted.
The European Union should strengthen sanctions against Russian metallurgy and give Ukrainian producers equal conditions for competition. The head of Metinvest’s CEO’s office, Alexander Vodoviz, said this at the Kiev International Economic Forum, the holding’s press service reported on Monday, November 11.
According to him, one of the obstacles to the modernization of domestic metallurgy is the guarantee system, which does not create equal conditions for Ukrainian and European enterprises.
“You have to go to the market, get money, and the ministry will give you guarantees we will give you guarantees for them, of course, a very good tool, and we will use it, again, they are not equal conditions,” said Alexander Vodoviz.
He emphasized that access to the EU market will open up great opportunities for any Ukrainian manufacturer, but for this, domestic companies must be granted the same conditions as European ones.
“Then we are ready to compete but if we are given the same environmental requirements as the Europeans, we will lose this competition and will not be able to enter this market,” explained Vodoviz.
One of the dangers of applying the EU policy on regulating border carbon emissions (CBAM) for Ukrainian industry, Alexander Vodoviz, called the impossibility of unconditional implementation of regulations without proper support for business.
“In terms of ecology, we see instructions that Ukraine should adopt some regulations But we cannot accept them blindly , so that they pay attention to the fact that we are in different categories of weight,” said the head of Metinvest’s CEO’s office.
Vodoviz emphasized that the adoption of these regulations could destroy the main industries that make up Ukraine’s GDP. Meanwhile, the Russians continue to occupy their niche in the European metallurgical market. And if part of the sanctions against Russian manufacturers of metal products really play a role, then the other part has no effect.
“Russia continues to hold a strong position in the supply of slabs to the EU For example, Italian steel producers buy cheap semi-finished products in Russia But we cannot buy cheap slabs this and losing to them in the competition,” he explained.
Earlier, PACE deputies called on the EU to tighten sanctions against Russia’s metallurgical industry, as it continues to earn billions for the war in Ukraine. However, through manipulation and blackmail, the Kremlin managed to extend the quotas for Russian slabs for another four years, although it was supposed to end in September 2024. This will allow the Russian Federation to import products worth more than 8 billion euros in the EU.
Source: korrespondent
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