The import duties on Ukrainian products should be abolished for a year, the European Commission says. That should help Ukraine’s economy through the war that Russia has started against the country.
The committee also proposes to remove all measures taken by the EU to prevent the dumping of cheap Ukrainian steel in the union. The plans require the approval of the EU countries and the European Parliament.
“Russian military aggression is having a devastating impact on Ukraine’s economy and its ability to trade with the rest of the world,” the commission noted. Farms, factories and offices have been razed to the ground, and crucial export routes have been blocked.
The commission’s “far-reaching proposals” should alleviate the distress and “inject confidence” into the Ukrainian economy, Commissioner Valdis Dombrovskis said. “And send out a strong signal that the EU will do whatever it takes to help Ukraine in this time of need.”