Russia - Latest news GMK Center

Shutdown of the Mykolaiv alumina plant and deliveries from Australia forces the Russian Federation to look for alternative markets

The new export tariffs will be valid until July 31

They have not managed to reorient supplies from Europe to Asia

The reasons are sanctions, strong ruble and a sharp rise of coal and freight prices

Countries may introduce barter trade, which will allow Iran to produce steel, and Russia – car parts and gas turbines

Sanctions imposed since early 2022, taxes and a "strong" ruble make export profitability zero or negative

With the sanctions imposed, they had to find new markets and sell at a discount of up to 25%

Also, EU’s sixth package of sanctions may include the disconnection of Sberbank from SWIFT

It includes oil restrictions and cutting off new banks from SWIFT

Earlier, a similar decision was made in the European Union

The rocket destroyed one of the enterprise’s workshops

The steel pipe producer decided to write off investments with the Russian Severstal0