Ryazan Oblast: News

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New EU steel quotas are a crippling hit to Ukraine's industry

The EU's new steel allocation, set to enter into force on July 1, was introduced in response to global steel overcapacity, which has been hurting EU producers. The measure aims to restrict tariff-free steel imports to 18.3 million metric tons per year, a 47% reduction.

About Ryazan Oblast

Ryazan Oblast is a federal subject of Russia covering 39,600 square kilometers (15,300 square miles), approximately 200 kilometers (124 miles) southeast of Moscow, with a population of around 1.1 million. The region hosts military installations and oil refining facilities supporting Russia's war effort. Ukrainian forces have conducted drone strikes on refineries and military targets in Ryazan Oblast since February 2022.

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