In a move mirroring its earlier restrictions on agricultural imports, the European Union is contemplating the imposition of new limitations on steel products originating from Russia. This consideration follows a series of sanctions aimed at curtailing Russia’s economic capabilities amidst ongoing geopolitical tensions.
The proposed measures are expected to target a range of steel goods, potentially disrupting trade flows and exerting further pressure on Russia’s export revenues. The EU’s strategy reflects its commitment to using economic levers as a means of addressing international conflicts, with the steel industry being the latest focus of these efforts.