The European tax against climate 'dumping' adds a new focus of tension for the EU with China and Russia
The European Union and NATO are targeting Russia and China. There are a multitude of open conflicts, some of which Joe Biden and Vladimir Putin recently addressed in Geneva. Furthermore, the EU has not yet found a balance with the UK, while Turkey is an unpredictable partner. However, from now on, a new reason for destabilization is added: the tax (CBAM) announced this Wednesday by Brussels within the package of measures against climate change (Fit for 55) on the import of cement, fertilizers, iron , steel, aluminum and electricity produced in countries with lower environmental standards mainly affect Beijing, Moscow, Ankara and London, the four countries with which the EU has the most open conflicts.
ECB warns that no European bank meets its climate change expectations