EU Extends Safeguard Measures Suspension On Ukrainian Iron, Steel For Three Years

2025-06-05 08:06:51

(MENAFN- UkrinForm) The Council said this in a statement published on its website, Ukrinform reports.

"The Council has adopted today a regulation to extend the suspension of EU safeguard measures on iron and steel, in support of Ukraine's economy amid Russia's war of aggression. The aim is to ease the challenges faced by Ukraine's producers and exporters as a result of the war," the statement reads.

However, the European Commission will be able to adopt an implementing act to suspend this regulation for specific products for up to 12 months. The suspension would be decided in case imports of those products from Ukraine increase to a level that significantly harms or threatens to harm to the Union industry producing similar or directly competing products.

Read also: France to provide additional EUR 200M to support reconstruction and integration projects – PM Shmyhal

The regulation will enter into force on June 6 and will apply for three years.

Since 2018, the EU has applied safeguard measures on certain iron and steel imports to protect its producers from global overcapacity.

As part of the EU's support to Ukraine amid Russia's illegal war of aggression, Ukraine was exempted from these measures.

MENAFN05062025000193011044ID1109640817

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.