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EU quota system ‘could kill Ukrainian steel industry’, boss says

The Guardian UK Tuesday 09 June 2026, 06:00 UTC By Jasper Jolly 1 min read
Key Points

Protectionist measures will deal blow to country’s budget as it defends itself against Russia, says Metinvest chiefNew EU limits on steel imports could destroy Ukraine’s industry and deal a big blow to the country’s budget as it defends itself against Russia, according to the head of its biggest steelmaker. Yuriy Ryzhenkov, the chief executive of Metinvest, said the new EU quota system due on 1 July could “kill the Ukrainian steel industry”.

Protectionist measures will deal blow to country’s budget as it defends itself against Russia, says Metinvest chief

New EU limits on steel imports could destroy Ukraine’s industry and deal a big blow to the country’s budget as it defends itself against Russia, according to the head of its biggest steelmaker.

Yuriy Ryzhenkov, the chief executive of Metinvest, said the new EU quota system due on 1 July could “kill the Ukrainian steel industry”.

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EU (ORG) Ukrainian (ORG) Russia (LOCATION) Metinvest chiefNew EU (PERSON) Ukraine (LOCATION) Yuriy Ryzhenkov (PERSON) Metinvest (ORG)
Originally published by The Guardian UK Read original →

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