Iron and Steel: Russia

(asked on 24th March 2022) - View Source

Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what assessment her Department has made of the impact on the steel industry of removing Russia’s entitlement to Most Favoured Nation tariff.


Answered by
Penny Mordaunt Portrait
Penny Mordaunt
Lord President of the Council and Leader of the House of Commons
This question was answered on 1st April 2022

On 25 March, the government implemented increased tariff duties on a number of goods originating in Russia and Belarus. These measures are a necessary response to Putin’s continued assault on Ukraine.

Careful analysis was conducted across government to identify relevant products. The government looked at relevant considerations, including balancing the impacts on the UK economy against wider objectives.

UK steel producers which sourced materials from Russia are changing to alternative sources and are doing all they can to mitigate supply chain disruption. Producers are showing great resilience in these challenging circumstances. We are continuing to work with companies to monitor impacts.

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