Without a deferred CBAM, the Ukrainian steel would be less competitive, and the domestic market would supplement imports, according to handling.
The introduction of the CBAM European Carbon Fee in January 2026 will create serious risks for Ukrainian businesses: they will be more competitive, and imports will try to get the domestic market. It was said by the operating director of Metіnvest Alexander Mironenko at the Forbes Ukrain Industrialists Forum, the company’s service was reported on Tuesday, September 16th.
“CBAM will make us less competitive. Therefore, now we are working with the government to postpone the introduction of the CBAM mechanism for Ukraine. It is possible to restore production, implement the necessary investments, modernize businesses and meet EU environmental standards and requirements,” he said.
According to Mironenko, another important challenge after the introduction of ECOMAT is the protection of the domestic market from imports -after all, after the CBAM introduction, many manufacturers will lose their preference for accessing EU markets. For Ukraine, a flow of products from Turkey brings a special threat.
“One of the attractive -attractive markets for Turkish manufacturers who rolls is Ukraine. It can lead to a significant flow of Turkish products, to limit the development of the Ukraine market and the ability to work in our businesses. Therefore, we must protect domestic manufacturers and workplaces he created,” warned the director of the Director of MetіnSvestst.
The company emphasizes that joint government work on the postponement of the CBAM and the steps to protect the market are critical to maintain the industry and its prospects during the post -war.
Remember, according to Ukraine’s Federation of Employers’ Federation of Employers, in the case of CBAM introduction in 2026, Ukraine could lose 4.6% of GDP. Also, Ukraine is expected to reduce tax revenues and social contributions to budgets and funds of all levels due to a reduction in business activity – it can reach $ 2.8 billion in 2026 and up to $ 3.6 billion in 2034
In this regard, representatives of the Ukrainian business called the authorities to organize in Europe in carbon tax.
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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.