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Kremlin Aide Tells Companies to Prepare for Harsh EU Carbon Tax

Feb. 6, 2020, 1:27 PM

Russian President Vladimir Putin’s top adviser on climate change warned big businesses that they need to start preparing for harsher carbon regulations from the European Union.

An EU proposal to introduce border levies on products arriving from countries with looser environmental rules could come into force within the next two years, Kremlin adviser Ruslan Edelgeriev said at a news briefing in Moscow. Those companies that don’t adapt would find it difficult to sell their products into that market, he said.

“The EU wants to push through these regulations not because they don’t like our companies, but so that their ...

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