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Dump truck and excavator at a quarry, ore mining in Ukraine

Export Catastrophe: How EU Tariffs and Port Attacks Crushed Ore Mining in Ukraine

Economy 08/14/2026, 12:54
📉 Iron ore exports from Ukraine plummeted by 27.3% in the first 7 months of 2026. The cause was a 'triple blow': new EU duties, the CBAM environmental tax, and the blockade of ports by Russia. The tragedy with the bulk carrier 'Golden Leo' finally undermined the confidence of shipping companies. Experts predict the shutdown of 50% of industry enterprises. #Economy #Ukraine #Metallurgy
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