On 17 March 2022, the Commission Implementing Regulation (EU) 2022/434 of 15 March 2022 amending Regulation (EU) 2019/159 imposing a definitive safeguard measure against imports of certain steel products has entered into force.
Through this Regulation, the European Union banned the imports of steel products originating in Russia and Belarus.
A transitional period of 3 months will be applied (until 17 June 2022) to imports of steel products traded based on contracts established before 2 March 2022 for Belarus and 16 of March for Russia. Only during this period steel may be imported into the EU.
Source EY
