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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 Vladivostok

Vladivostok is a city in far eastern Russia with a population of approximately 600,000, located 9,300 kilometers (5,778 miles) from Moscow on the Pacific coast. The city serves as Russia's main Pacific naval base and hosts military facilities. Vladivostok's strategic importance has increased as Russia deepens military and economic cooperation with China and North Korea during the war against Ukraine.

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