EU, Ukraine sign preliminary deal on key raw materials, batteries
The European Union and Ukraine signed on Tuesday a memorandum of understanding (MoU) covering critical raw materials and batteries as the 27-country bloc tries to diversify supplies following disruptions caused by the Covid-19 pandemic.
The move is part of the European Commission's Action Plan on Critical Raw Materials announced in September to bolster supplies of materials vital to sectors including aerospace, defence, electronics, automotive and renewable energy, as well as energy-intensive industries and the health sector.
European Commission Vice President Maros Sefcovic and Ukraine's Prime Minister Denys Shmygal signed the MoU in Kyiv during a EU-Ukraine conference.