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EU bans import of Russian steel

European Parliament strengthens sanctions, banning imports of certain steel from Russia

EU bans import of Russian steel

According to Politico, the European Parliament has reviewed and approved a bill providing for a complete ban on steel imports from Russia. At the same time, lawmakers may face resistance from EU member state governments that continue purchasing certain types of Russian products and could block the initiative. The publication emphasizes that national authorities might oppose the European Parliament's interference in security matters. Politico also notes that last autumn, Brussels took significant steps by imposing 50-percent tariffs on Russian steel.

Context

Last autumn, Brussels strengthened sanctions by imposing 50-percent tariffs on Russian steel.

Summary:

The European Parliament adopted a bill to completely ban imports of Russian steel, but will face resistance from EU member states that continue to buy Russian products.