Lithuania: News

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New EU steel quotas are a crippling hit to Ukrainian 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 Lithuania

Lithuania is a Baltic state covering 65,300 square kilometers (25,212 square miles) with a population of approximately 2.8 million. Lithuania’s capital is Vilnius. The country is one of the top providers of military aid to Ukraine in terms of percentage of GDP, with total aid exceeding 1.7 billion euros. Lithuania hosts Ukrainian refugees, supports sanctions against Russia, and advocates for Ukraine's NATO and EU membership.

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