EU sanctions on Russian synthetic rubber and carbon black imports
The European Rubber Journal (ERJ) reports that the EU has included sanctions on imports of both synthetic rubber and carbon blacks from Russia in its 10th package of sanctions in response to the Putin regime’s war in Ukraine.
The decision, announced on February 25, introduces import quotas of 562,973 tons for synthetic rubber and 752,475 tons for carbon black, apparently with immediate effect.
According to the European Tyre & Rubber Manufacturers' Association (ETRMA), the import quotas are valid until 30 June 2024, after which an import-prohibition will apply.
According to the ETRMA, the quotas seem to be equivalent to pre-war import levels – as reported by Eurostat for these materials across all applications. It is also understood that the European Commission (EC) will set up a monitoring mechanism and report on inflows of synthetic rubber from Russia on a monthly basis. If irregularities are identified via the mechanism, Brussels regulators could introduce restrictive measures against these imports.
In a 25 February statement, the EC said the restrictions on synthetic rubber and carbon blacks, along with bitumen and related materials, from Russia covered almost €1.3 billion worth of imports to the EU.
Source: European Rubber Journal.