Russia

Iran may barter car parts, gas turbines for Russia’s steel

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

Russian steel companies expect losses and production cuts

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

Russian steelmakers have sharply increased sales of semi-finished products to China

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

EU likely to approve phased ban on Russian oil next week

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

EU prepares sixth package of sanctions against Russia

It includes oil restrictions and cutting off new banks from SWIFT

US bans Russian ships from its ports

Earlier, a similar decision was made in the European Union

Energomashspetsstal was subjected to rocket attack

The rocket destroyed one of the enterprise’s workshops

Tenaris stopped all sales, and purchases in Russia

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

EU approved the 5th package of anti-Russian sanctions

A ban on the supply of coal, and trucking companies, except the supply of food, and humanitarian aid

Russian aggression in Ukraine threatens China’s global logistics, WSJ

Rail transit of Chinese products through Russia may stop

Russian waters listed as dangerous for navigation, Lloyd

Russia is next to Nigeria, Somalia, Togo, Yemen, and other countries as dangerous for shipping

War in Ukraine: who benefits from sanctions, price rise, and materials supply crisis

Many major countries’ producers, and entire industries may benefit from the consequences of the Russian war against Ukraine

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