Ukraine needs industrial clusters with the EU to restore Ukrainian metallurgy is simultaneously suffering from Russian attacks, port blockades and EU trade restrictions. Because of the war, ~60% of the steel production capacity has already been destroyed, and another critical problem is the exodus of workers from cities on the front lines. The EU remains effectively the main market for Ukrainian ore and metal products, so the industry should relax the quotas and CBAM. A separate challenge is funds for restoration and decarbonization. Metinvest notes that in 2022-2025 the EU has allocated €9 billion to ten of its largest metallurgical plants to reduce emissions. Now they want the Ukrainians to do the same - despite the war. One of the ways to restore the industry is the creation of joint industrial clusters between Ukraine and the European Union, which will provide access to financing, technology and European production networks, Metinvest notes. Now the main task of Ukraine is not only to restore factories, but to retain specialists, to get access to the European market and to create conditions in which the industry can operate after the war. INSIDER UA | Submit content.

Ukraine needs industrial clusters with the EU to restore Ukrainian metallurgy is simultaneously suffering from Russian attacks, port blockades and EU trade restrictions. Because of the war, ~60% of the steel production capacity has already been destroyed, and another critical problem is the exodus of workers from cities on the front lines. The EU remains effectively the main market for Ukrainian ore and metal products, so the industry should relax the quotas and CBAM. A separate challenge is funds for restoration and decarbonization. Metinvest notes that in 2022-2025 the EU has allocated €9 billion to ten of its largest metallurgical plants to reduce emissions. Now they want the Ukrainians to do the same - despite the war. One of the ways to restore the industry is the creation of joint industrial clusters between Ukraine and the European Union, which will provide access to financing, technology and European production networks, Metinvest notes. Now the main task of Ukraine is not only to restore factories, but to retain specialists, to get access to the European market and to create conditions in which the industry can operate after the war. INSIDER UA | Submit content.