‘High-stakes fight’ erupts in EU over Russian steel – Euronews
The EU is facing a contentious debate over a proposed ban on Russian steel imports amid ongoing sanctions related to the Ukraine conflict.
The European Union is currently navigating a significant confrontation regarding the proposed ban on Russian steel imports, coinciding with further sanctions aimed at Russia due to its actions in Ukraine. Lawmakers in the European Parliament and various EU member states are set to engage in negotiations that will determine whether to implement a complete prohibition on such imports. This legislative matter is being labeled as a 'high-stakes political fight' and is intertwined with broader discussions on EU sanctions policies, reflecting the ongoing tensions surrounding the Ukraine conflict.
Several EU member states, including Belgium, Italy, the Czech Republic, and Denmark, are pushing back against the proposed ban. They argue that they rely heavily on Russian semi-finished steel as a vital component in their own steel processing industries. This internal conflict reveals the complexities within the EU regarding unity in sanctions measures—while some nations advocate for stricter actions against Russia, others express concerns about their economic dependencies and the potential damage that a ban might inflict on their domestic industries.
The maneuvering within the European Parliament involves attaching the proposed steel ban to other pieces of legislation, particularly a bill that aims to renew EU steel safeguards which are set to expire soon under World Trade Organization rules. These safeguards are vital for protecting the EU's steel industry from global overcapacity. As negotiations proceed, the outcome will not only affect the EU's stance on Russia but also have significant implications for its internal market and industries reliant on Russian imports.