🇪🇺🇷🇺 Russia challenges EU carbon border tax at WTO as African exporters monitor fallout

Russia has launched a World Trade Organization case against the European Union’s Carbon Border Adjustment Mechanism, or CBAM, arguing that the bloc’s carbon border tax violates international trade rules. The dispute centres on the EU measure that places carbon-related charges on imports in sectors including steel, cement, aluminium, fertilisers, electricity and hydrogen, with implications for exporters to the European market, including African producers.

The case is being closely watched in Africa because the EU is a major export destination for several carbon-intensive products from the continent. African governments and businesses have raised concerns that CBAM could increase costs for exporters and weaken competitiveness as the mechanism is phased in.

#Russia

🔸 Source

@africaintel