Ukraine could lose $1.4 billion by 2027 under the EU’s carbon border policy, which could slash its iron and steel exports to the bloc by half, according to a new report by the German Economic Team (GET), a Berlin-based consultancy, and the Institute for Economic Research (IER), a Ukrainian think tank.
The EU's Carbon Border Adjustment Mechanism, known as CBAM, has been highly divisive in Ukraine. While Brussels said last year it would have only a minimal effect on the economy, reducing gross do