EU explains what comes next for Ukraine as trade liberalisation nears expiry
Transitional measures approved by the European Commission on 22 May will take effect from 6 June 2025 following the end of the autonomous trade measures (ATM), which provide a preferential trade regime for Ukrainian exporters. These measures will grant access to tariff quotas within the existing Deep and Comprehensive Free Trade Area (DCFTA) between Ukraine and the EU.
Source: European Commission spokesperson Balazs Ujvari, as reported by a correspondent of European Pravda
Details: Ujvari said the transitional measures will take effect on 6 June to replace the trade visa-free regime with Ukraine, returning Ukrainian exporters to tariff quotas within the framework of the existing free trade area between Ukraine and the EU.
"The Commission is currently working on the review of the EU-Ukraine Deep and Comprehensive Trade Area (DCFTA), with a view to offering longer-term predictability and stability to EU and Ukrainian operators, including in the perspective of the accession of Ukraine to the EU," he said.
Ujvari notes that transitional measures will remain in place until Ukraine and the EU complete negotiations on amendments to the existing DCFTA. The revised agreement will include long-term conditions for Ukrainian exporters to the EU, incorporating elements of trade liberalisation.
"In order to avoid a possible cliff-edge scenario on 5 June when the ATMs expire, the Commission has prepared transitional measures that will be in place until the DCFTA review negotiations are finalised. These measures take the form of an Implementing Act, which Member States voted on today [22 May] at a meeting of the Committee for the Common Organisation of Agricultural Markets," the spokesperson said.
This act, the text of which is available to European Pravda, will provide access to tariff quotas for products originating from Ukraine under the current DCFTA.
"The volumes of the quotas available until the end of 2025 will amount to 7/12 of the normal yearly volumes, given that they will be open as of 6 June only and therefore be open for 7 months only this year," Ujvari said.
"Additionally, the management of certain quotas normally managed with licences will temporarily switch to a lighter management mode ('first come first served') to ensure that imports from Ukraine benefit from the preferential trade regime under the DCFTA as of the first day the ATM ceases to apply (6 June)," he added.
In simple terms, Ukrainian products that required export licences to the EU before 2022 are temporarily exempt from this requirement.
Quotas will be allocated on a first-come, first-served basis and will be exhausted as Ukrainian exporters conduct foreign economic operations.
Background:
European Pravda previously reported that the European Commission adopted a list of transitional measures on Ukrainian exports to the EU on 22 May, which will take effect on 6 June 2025 following the expiry of autonomous trade measures for Ukraine.
Back in late April, European Pravda reported that the European Commission did not plan to extend the ATM regime for Ukraine, which remains in effect until 5 June, but would ensure a smooth transition to a new scheme in which all trade liberalisation conditions will be embedded in the EU-Ukraine Free Trade Agreement.
The European Parliament voted in favour of introducing a preferential regime for the export of Ukrainian steel and iron from 6 June 2025.
Support Ukrainska Pravda on Patreon!
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Forbes
an hour ago
- Forbes
Leadership Falters As Climate Costs Soar And Time To Act Runs Out
CHARLEVOIX, CANADA - JUNE 9: In this photo provided by the German Government Press Office (BPA), ... More German Chancellor Angela Merkel deliberates with US president Donald Trump on the sidelines of the official agenda on the second day of the G7 summit on June 9, 2018 in Charlevoix, Canada. Also pictured are (L-R) Larry Kudlow, director of the US National Economic Council, Theresa May, UK prime minister, Emmanuel Macron, French president, Angela Merkel, Yasutoshi Nishimura, Japanese deputy chief cabinet secretary, Shinzo Abe, Japan prime minister, Kazuyuki Yamazaki, Japanese senior deputy minister for foreign affairs, John Bolton, US national security adviser, and Donald Trump. Canada are hosting the leaders of the UK, Italy, the US, France, Germany and Japan for the two day summit. (Photo by Jesco Denzel /Bundesregierung via Getty Images) London Climate Action Week is set to start, showcasing what urgent, inclusive climate action looks like when cities, financiers, and citizens unite. But the energy and innovation on display in London are being overshadowed by growing inaction from global leaders. Just days after the G7 failed to deliver any meaningful policy progress, and as the EU backpedals on its green regulation agenda, a troubling gap is emerging between local ambition and failures of international leadership. This retreat is happening at the worst possible moment. Climate damage costs are skyrocketing, climate science is sounding red alerts, and economic evidence points to a clear win: green investment can grow economies, create jobs, and protect communities. The world's most powerful leaders are not just missing an opportunity, they are magnifying a crisis. To grasp its scale, we need to look at the growing economic cost of inaction. The Price Of Delay And The Need For Leadership Bloomberg Intelligence has estimated that in the year to May 2025, the U.S. incurred close to $1 trillion (or around 3% of GDP) in direct climate-related costs from floods, wildfires, infrastructure damage, and insurance losses. Globally, heatwaves, droughts, and extreme weather are disrupting supply chains, inflating food prices, and undermining financial stability. Insurers have seen annual catastrophe losses surge tenfold since the 1980s. Premiums have skyrocketed, and coverage has shrunk, especially in wildfire and storm prone regions, exacerbating economic disruption and housing unaffordability. At the same time, the European Union appears to be shelving the Green Claims Directive, retreating under political pressure precisely when markets are demanding clear, consistent regulation to guide sustainable investment. This uncertainty discourages capital and undermines momentum. These setbacks comes as the OECD's 2025 Green Growth report shows that climate action could unlock $7.4 trillion per year in investment and job creation if scaled by 2030. Yet rather than harnessing this opportunity, many leaders are hesitating. Nowhere is this hesitancy more evident than in the recent action, or inaction, of the G7, whose decisions ripple far beyond their border G7 Paralysis And The Global Ripple Effect The G7's latest Chair's Summary reaffirms familiar goals, like limiting warming to 1.5°C but offered no timelines, targets, or tools to achieve it. 'Once again, the G7 chose safe, business-as-usual declarations over the bold, future-proof action we urgently need,' said Daniela Fernandez, CEO of Sustainable Ocean Alliance. 'The G7's latest climate commitments reflect a deeper issue,' added Ibrahim AlHusseini, managing partner of climate investor FullCycle. 'Global leaders are increasingly distracted by immediate geopolitical crises, and climate, still perceived as a medium to long-term risk, has slipped down the agenda. But this is a dangerous miscalculation.' He added: 'Delay is not neutral, it's an accelerant of future instability,' with direct consequences for supply chains, migration, and global financial systems. And it's not just experts calling for change. According to the 2024 People's Climate Vote, 80% of people globally want their countries to strengthen climate commitments, and over two-thirds support a fast transition from fossil fuels. Other surveys echoes this: 89% of people across 125 countries support stronger government action, yet many mistakenly believe they are in the minority. This public mandate for bold climate action stands in sharp contrast to the political hesitancy now on display. As political will may be stalling, another sector is responding. What was once viewed as an environmental issue is now a pressing financial risk. Climate Risk Becomes Financial Risk Inaction is not just costly, it is destabilizing. The financial consequences are already unfolding across insurance markets and beyond. "We have already seen residential and commercial insurance premiums rise and availability drop in recent years, in response to growing insurer losses," warns Tom Sabetelli-Goodyer, vice-president of climate risk at FIS. They are early signs of a broader, systemic threat. As climate impacts intensify, they are cascading through the financial system, affecting asset valuations, credit risk, and the stability of entire markets. Regulators around the world have begun to integrate climate risk into their frameworks, but last week, the Basel Committee on Banking Supervision, the global standard-setter for financial regulation, added its voice with a new framework for the voluntary disclosure of climate-related financial risks. While non-binding, the guidance marks a significant step and reinforces a clear message: climate risk is no longer just environmental, it's financial. As Julia Symon, head of research and advocacy at Finance Watch put it: 'Without clear, consistent data, supervisors are flying blind, unaware of the real risks building up on balance sheets.' The Climate Clock Is Ticking Scientific indicators confirm the urgency and the danger of delay. The 2024 Indicators of Global Climate Change report shows that the average global temperature from 2015 to 2024 reached 1.24°C above pre-industrial levels, with human activity responsible for nearly all of it. In 2024 alone, global temperatures spiked to 1.52°C, temporarily crossing the critical 1.5°C threshold. More troubling still, human-induced warming is accelerating at an unprecedented rate of 0.27°C per decade, the fastest rate ever recorded. At current emissions levels, the remaining carbon budget for staying below 1.5°C could be fully exhausted within just two to five years, depending on assumptions. Scientists also point to a growing Earth energy imbalance and early signs of amplifying climate feedback loops, such as ocean heat uptake and ice melt, which could further lock in extreme changes. The window for keeping global heating within safe limits is narrowing quickly. Yet even as time runs short, the economic case for prompt action continues to strengthen. Green growth offers a rare convergence of climate responsibility and financial return. Green Growth: A Trillion-Dollar Opportunity The OECD Green Growth report emphasizes that investing in clean energy and green infrastructure is not just responsible, its smart economics. Clean energy investment now outpaces fossil fuels, and 90% of global GDP is covered by net-zero targets. The report outlines how aligning financial systems with climate goals could unlock $7.4 trillion annually in investment by 2030. 'Green growth is an approach that seeks to harmonize economic growth with environmental sustainability and helps to deliver broader development benefits,' explains Jennifer Baumwoll, head of climate strategies and policy at UNDP. Far from hindering development, the green transition can generate resilient jobs, improve productivity, and enhance long-term competitiveness. In short, the report argues that climate action is not a cost but a catalyst for growth. Countries like Mongolia and Lao PDR are already demonstrating what this looks like in practice. In Mongolia, a green finance strategy, backed by the Central Bank and a new SDG-aligned taxonomy, has mobilized $120 million in climate-aligned investment, including the country's first green bond. Green lending is targeted to grow from 2% to 10% of all bank lending by 2030. Meanwhile, Lao PDR is advancing a national circular economy roadmap to reduce waste and resource use while unlocking economic opportunity. If fully implemented, it could create 1.6 million jobs and add $16 billion to GDP by 2050. These pragmatic, investment-ready models of climate action deliver real development gains. Their progress underscores a growing global divide: while emerging economies embrace opportunity, many developed nations are falling behind, precisely when their leadership is most needed. A Shrinking Window And Defining Test Of Leadership 2025 marks a critical juncture. Countries are expected to submit new national climate plans (NDCs 3.0) ahead of COP30 in Belém this November. Yet as of late June 2025, four months after the February deadline, only a small fraction had done so. Intended to reflect increased ambition following the Global Stocktake, most submissions remain overdue, and the ambition gap continues to widen. The UN expects a surge of last-minute filings, but tardiness isn't the only concern. Most existing plans fall short of aligning with the 1.5°C target, and the policy frameworks to deliver them at scale are still lacking. The challenge is not technical though but political. Instead of advancing, many major economies are retreating, weakening targets, delaying regulations, and rolling back commitments just as the case for bold action becomes stronger. Evidence shows that a well-managed transition can boost growth, reduce inequality, and build resilience. Yet that potential is being squandered. What's needed now is not just political courage, but real leadership, capable of driving structural reform and aligning finance with planetary boundaries. Decisive action today isn't only about avoiding catastrophe, it's about exercising leadership that can shape a more stable, equitable, and liveable world. The responsibility lies with those in power to act—not later, but now.
Yahoo
2 hours ago
- Yahoo
EU review ‘paints grim picture' of Israel's actions in Gaza, Irish premier says
An EU review 'paints a grim picture' of Israel's failure to adhere to international obligations, Ireland's premier Micheal Martin has said. The Taoiseach said the report highlights the restriction of food and medicines into Gaza, which he said 'amounts to the use of starvation as a method of war'. The EU-Israel Association Agreement is being reviewed after a dozen EU member states backed it last month. The unpublished report has found that there are 'indications' Israel could be in breach of its human rights obligations under the agreement, according to several media outlets. Reacting on Saturday, Mr Martin welcomed the 'substantive and important' report on Israel's compliance with its human rights obligations under the EU-Israel deal. He said Ireland had 'long argued' that clauses on human rights in the EU's international agreement 'have to be respected' and should prompt 'serious consequences' when they are not. Back in February 2024, Ireland and Spain jointly called for an urgent review of whether Israel had breached its human rights obligations in the trade agreement. A majority of EU countries did not back the review until last month, prompted by a proposal from The Netherlands. The shift came amid Israel's months-long blockade of Gaza, which has accelerated fears of a famine. A new Israeli and US-backed aid system has been marred by violence. Israel's 20-month military campaign in the the Palestinian enclave has killed an estimated 55,000 people and injured thousands more, according to Gaza's health ministry. Mr Martin said: 'I very much welcome the substantive and important report of the EU's High Representative for Human Rights on Israel's compliance with its human rights obligations under the EU-Israel Association Agreement. 'Bringing together the reports and analysis of serious, credible and reliable sources – including the International Court of Justice, the UN's Office of the High Commissioner for Human Rights, the UN Secretary General's Special Representative for Children and Armed Conflict and others – it paints a clear and grim picture of a sustained and deliberate failure by Israel to adhere to its international obligations, especially in Gaza but also in the West Bank. 'It highlights a continued restriction of food, medicines, medical equipment, and other vital supplies into Gaza that amount to collective punishment of the civilian population, that amounts to the use of starvation as a method of war. 'It describes an unprecedented level of killing and injury of civilians in Gaza resulting from indiscriminate attacks without proportion or precaution, as well as attacks on hospitals, forced mass displacements and the killing of journalists. All of this with a persistent lack of accountability. 'In the West Bank, it reports sustained oppression of the Palestinian population, including through state and settler violence, the appropriation of land, and the use of detention as a form of collective punishment.' He added: 'We will now work with partners to follow up on this important report with concrete steps, and I will be discussing it with my colleagues in the European Council when we meet next week.'
Newsweek
2 hours ago
- Newsweek
Vladimir Putin Issues Warning of New War
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Ukraine risks renewed armed conflict in the future if it does not recognize the results of referenda ballots Moscow held in 2022 in four Ukrainian regions that Russia claims to have annexed, Russian President Vladimir Putin said in an interview with Sky News Arabia. The Russian president said Kyiv should recognize the referenda denounced as shams that Moscow said cemented its claim in the oblasts of Zaporizhzhia, Kherson, Donetsk and Luhansk. Putin, meanwhile, illegally annexed Crimea in 2014. Newsweek has contacted the Ukrainian foreign ministry for comment. Why It Matters In September 2022, Russia held a referenda on whether the regions Donetsk, Luhansk, Kherson and Zaporizhzhia oblasts should be annexed by Russia after Moscow invaded Ukraine in February. Russia does not fully occupy the four regions and the ballots were condemned internationally as shams. Putin then signed a treaty on the accession to Russia of the regions. Ukraine is still fighting for these territories, but Putin's latest comments reiterate Moscow's red lines in any negotiations which because they are unacceptable to Kyiv, signal that a diplomatic solution to the war Moscow started remains distant. What To Know In an interview with Sky News Arabia, Putin warned Ukraine must recognize the 2022 referendum or face "opportunities for the resumption of armed conflict." He also said that Russia was allegedly close to reaching an agreement with Ukraine during talks in Istanbul in 2022 and he wanted the Ukrainian leadership "to be guided by national interests and not by the interests of third parties." Putin said long-term stability in the region required Ukraine to be neutral and refuse to join alliances and renouncing nuclear weapons. He also accused the West of using Ukraine as a "tool" against Russia and that the country "deserves a better fate than being a tool in the hands of external parties acting against Russia." His comments follow an address at this year's St Petersburg International Economic Forum (SPIEF) in which he said, "Ukraine is part of Russia," and that he considered Russians and Ukrainians to be "one people." In response to Putin's comment "where the foot of a Russian soldier steps, that is ours," Ukraine's foreign minister Andrii Sybiha posted on X, formerly Twitter, on Friday "wherever a Russian soldier sets foot, he brings along only death, destruction, and devastation." Putin's remarks cast doubt on the chances of peace talks between Moscow and Kyiv, especially with the Russian president saying he did not rule out taking control of the northeastern city of Sumy to create a border buffer zone. Putin's negotiator Vladimir Medinsky had warned Ukraine and Western allies earlier this month Russians will capture new territories if Ukraine did not agree to Moscow's conditions. As U.S. ceasefire proposals remain stalled, Yuriy Boyechko, CEO and founder of Hope for Ukraine, told Newsweek that the war can only stop if the Trump administration "finds enough courage to make Putin agree to at least 30 days ceasefire." Boyechko said as global attention focuses on the escalating Iran-Israel conflict, the war in Ukraine is entering a new phase. Following Monday night's assault by Russia on Ukraine—the deadliest in nearly a year, Boyechko said it Trump cannot rebuke the attacks and that the U.S. Senate should move forward with passing a bill sponsored by Senator Lindsey Graham, a South Carolina Republican, with veto-proof majority and approve additional sanctions against Russia. Russian President Vladimir Putin speaks at the 28th Saint Petersburg International Economic Forum SPIEF 2025 on June 20 in Saint Petersburg. Russian President Vladimir Putin speaks at the 28th Saint Petersburg International Economic Forum SPIEF 2025 on June 20 in Saint Petersburg. Getty Images What People Are Saying Ukraine's foreign minister Andrii Sybiha wrote on X in part on Friday in response to Putin's speech at SPIEF: "Putin's cynical statements demonstrate complete disdain for U.S. peace efforts. While the United States and the rest of the world have called for an immediate end to the killing, Russia's top war criminal discusses plans to seize more Ukrainian territory and kill more Ukrainians." He added: "Putin does not care about Russian soldiers or their feet torn apart by Ukrainian drones. He is a mass murderer of his own people. He already disposed one million Russian soldiers in a senseless bloodbath in Ukraine without achieving a single strategic goal. One million soldiers. Two million feet." The Institute for the Study of War (ISW), a Washington, D.C.-based think tank, wrote on Friday: "Putin claimed that Russians and Ukrainians are one nation and all of Ukraine is effectively Russian as part of efforts to justify his continued conquest of Ukraine." It added in its latest assessment: "Putin's commitment to this narrative underscores his ongoing commitment to destroying the Ukrainian state and subjugating the Ukrainian people." What Happens Next? As the war continues to grind on, Putin's latest comments put the prospect of negotiations with Ukraine further away. The ISW said that Putin's recent rhetoric shows he thinks his forces are able to win a war of attrition via gradual advances and high losses.
