The introduction of the European Union’s Carbon Border Adjustment Mechanism (CBAM) in 2026 could potentially impose big new financial strains on Ukrainian producers, costing them millions in lost trade, unless the EU offers exemptions due to the war with Russia. As the EU continues to pledge support for Ukraine’s military endeavours for “as long as it takes,” it is concurrently advancing the CBAM legislation that could severely impact the already embattled Ukrainian economy. The proposed tax targets carbon-intensive imports such as iron and steel, which are pivotal to Ukraine’s export sector. …