#Carbon Tax

Former WTO Director-General Pascal Lamy called for exempting Ukrainian steel from the CBAM carbon levy, citing the war. Decisions on the mechanism's rules may be made within the next three to six months.

🇺🇸 The US Ambassador to the EU called the CBAM carbon tax hidden protectionism. In an article for the Financial Times, the diplomat compared the European mechanism to US steel tariffs, noting Brussels' double standards. 🇺🇦 As of January 1, 2026, CBAM will be fully applied to Ukraine, which experts consider a blow to the country's industry, deprived of the ability to modernize due to the war. The European Commission refused exemptions despite force majeure. #CBAM #Ukraine #Trade #Economy