The Coordinating Minister for Maritime Affairs and Investment of the Republic of Indonesia, Luhut Binsar Pandjaitan, told Indonesian media on Wednesday that the European Union appears to be starting to cave in to the nickel export ban imposed by the Indonesian government in 2020.
The Indonesian export ban on the important raw material had been challenged by the European Union before the World Trade Organisation. Although the EU won the case at first instance, Indonesia passed the case on to the next higher instance, which has not been able to reach a decision for years due to the lack of WTO judges.
According to Minister Luhut Binsar Pandajaitan, the EU has at least recognised that Indonesia has the right to limit or completely prohibit its exports of nickel ore.
The EU grandees now appear to be facing greater challenges, if not a back against the wall, in the procurement of nickel products. So far, the EU has not fully sanctioned Russian nickel exports to Europe.
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