The SBI seized more than 500 tons of Russian steel billet in the port of Odesa region

The State Bureau of Investigation (SBI) seized and handed over to the Asset recovery and management agency (ARMA) more than 500 tons of alloy steel billets belonging to Russian enterprises. This is stated in the department’s press release.

The employees of the State Bureau of Investigation discovered and seized steel products on the territory of one of the seaports of the Odesa region. The billet was transported from the Russian Federation in transit through Ukraine in March 2022, after the start of a full-scale invasion.

The total value of seized Russian-made products is more than UAH 4 million.

As GMK Center reported earlier, during the operational measures, the SBI detected and seized it on the territory of the Odesa seaport steel billets and other steel products in the amount of UAH 93 million. Steel products were transiting through Ukraine.

Also last year, the SBI blocked the attempts of illegal export products of the Republic of Belarus through the territory of Ukraine. In particular, the transit of two wagons with 139 tons of steel products was blocked. The products were sent from Belarus in transit through Ukraine to customers in North Africa,

On March 10, the president Volodymyr Zelenskyi signed Law 2116-IX on the compulsory seizure of objects of property right of the Russian Federation and its residents. The decision to confiscate Russian property will be made by the National Security and Defense Council on the proposal of the Cabinet of Ministers.

  • Global Market

Turkey updates the system of state support for investments in the steel sector

On May 31, 2025, a new presidential decree on state support for investment came into…

Tuesday June 3, 2025
  • Global Market

Canadian steel producers call for immediate response to Trump’s tariffs

On May 31, 2025, Catherine Cobden, President and CEO of the Canadian Steel Producers Association…

Tuesday June 3, 2025
  • Companies

Erdemir announces large-scale investments in green transformation by 2050

Turkish steel company Erdemir has unveiled an updated sustainability strategy, according to which it plans…

Tuesday June 3, 2025
  • Global Market

India prioritizes local steel for government projects

The Indian government has revised its local steel policy for 2025 to ensure that locally…

Monday June 2, 2025
  • Companies

Zaporizhstal increased its rolled steel output by 4.9% y/y in January-May

Zaporizhstal Iron and Steel Works increased rolled steel production by 4.9% year-on-year – to 1.098…

Monday June 2, 2025
  • Society

Interpipe encourages schoolchildren to pursue technical education through educational projects

High school students in Dnipro are increasingly choosing technical fields thanks to modern educational projects.…

Monday June 2, 2025