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

The World Bank has downgraded its global growth forecast due to the war in the Middle East

The World Bank has lowered its forecast for global economic growth in 2026 to 2.5%…

Saturday June 13, 2026
  • Global Market

South Africa is stepping up measures to support the steel industry

The South African government is stepping up measures to support the steel industry as the…

Friday June 12, 2026
  • Companies

Thyssenkrupp has completed the sale of its remaining shares in AST to the Arvedi Group

German steelmaker Thyssenkrupp has announced the completion of the sale of the remainder of its…

Friday June 12, 2026
  • Companies

The Slovenian SIJ Group is launching a comprehensive business transformation programme

The Slovenian steel producer SIJ Group has launched a transformation programme in response to significant…

Friday June 12, 2026
  • State

The State Statistics Service has revised the rate of GDP decline in Q1 downwards to 0.6% y/y

The State Statistics Service has revised downwards its estimate of the decline in Ukraine’s real…

Friday June 12, 2026
  • Global Market

Fitch raises its iron ore price forecast for 2026 to $100 per tonne

The international credit rating agency Fitch Ratings has revised its short-term forecasts for mining commodity…

Friday June 12, 2026