They suspend for a year the tariffs on Ukrainian steel

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The United States has decided to suspend tariffs on Ukrainian steel for a year to support the country’s exports affected by the Russian invasion, announced today the US Department of Commerce.

“Ukrainian steel industry is particularly important for the country’s economic strength, as it employs 1 in 13 Ukrainians with well-paid jobs”the ministry said in a statement.

“Some of Ukraine’s largest steel communities have been hit hardest by Putin’s (Vladimir) barbarism, and the Mariupol steel plant has become a symbol of Ukraine’s determination to resist Russian aggression.”he added.

The ministry notes that many Ukrainian steel mills “continued to pay, feed and even protect their employees during the fighting.”

As some Ukrainian factories have resumed production, export support is needed to maintain one of Ukraine’s most important industries, according to the Biden administration.

“We can not just admire the courage and spirit of the Ukrainian people”said US Secretary of Commerce Gina Raimondo in her announcement.

“We must support it and support one of the most important industries for the economic prosperity of Ukraine”.

“Today’s announcement is a message to the people of Ukraine that we are determined to help them thrive in the face of Putin’s aggression.”he added.

Source: ΑΠΕ-ΜΠΕ

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