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EU Proposes Extending Duty Exemption on Ukrainian Iron, Steel

The European Commission proposed extending the current duty exemption for imports of Ukrainian iron and steel products, which are a "significant source of revenue for Ukraine," the commission said last week. The current waiver, which has been extended twice before,…

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is due to expire in June. The proposed extension must be approved by the European Council and Parliament. "The Commission is currently working on a longer-term solution which will provide economic certainty and a stable framework for trade to both Ukraine and the EU," it said.