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Russia - Latest news GMK Center

Photo – Ukraine, Russia, Turkey and the UN agreed on the export of grain from seaports
Ukraine, Russia, Turkey and the UN agreed on the export of grain from seaports

The signing of the agreement should help unload border crossings and create conditions for the resumption of the work of steel enterprises

Photo – Taiwanese steelmakers study countermeasures against steel imports from Russia
Taiwanese steelmakers study countermeasures against steel imports from Russia

Local China Steel Corp. declares sales of products to the Russian Federation at prices that are much lower than international ones

Photo – The EU approved the seventh package of sanctions against Russia
The EU approved the seventh package of sanctions against Russia

All components of the new package to some extent have already been heard from the lips of officials or in the media

Photo – Russia’s Nornickel lost 50% of its suppliers of spare parts and equipment
Russia’s Nornickel lost 50% of its suppliers of spare parts and equipment

The reasons for this are sanctions, the consequences of the coronavirus pandemic, and logistical problems

Photo – Security Service of Ukraine seized property of RusAl, Rostekh and Tatneft
Security Service of Ukraine seized property of RusAl, Rostekh and Tatneft

RusAl owns the property of the Mykolaiv Alumina Plant in Ukraine

Photo – G7 to direct revenues from raising tariffs on Russian goods to Ukraine
G7 to direct revenues from raising tariffs on Russian goods to Ukraine

United States to increase tariffs on 570 groups of Russian goods worth $2.3 billion

Photo – Iranian steelmakers accuse Russia of significantly reducing local production
Iranian steelmakers accuse Russia of significantly reducing local production

After the imposition of Western sanctions, Russia shifted all exports to Asian markets, reducing demand for Iranian steel

Photo – Taiwanese steelmakers suspect Chinese traders of selling Russian steel
Taiwanese steelmakers suspect Chinese traders of selling Russian steel

Thanks to Chinese sellers, cheap steel from Russia enters the Taiwanese market, negatively affecting the local market

Photo – Russian steelmakers expect flat products output to fall by 23% in 2022
Russian steelmakers expect flat products output to fall by 23% in 2022

In general, steel production in the country may fall by 15%

Photo – Worldsteel suspended cooperation with Russian steelmakers
Worldsteel suspended cooperation with Russian steelmakers

From June 16, Russian steel companies will be completely excluded from association's activities

Photo – Polish customs arrested Metalloinvest’s iron ore and rebar
Polish customs arrested Metalloinvest’s iron ore and rebar

The reason of seizure were earlier imposed sanctions

Photo – US has imposed sanctions on Severstal and its major shareholder
US has imposed sanctions on Severstal and its major shareholder

American companies to stop operations with Severstal until August 31, 2022

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