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sanctions - Latest news GMK Center

Photo – Switzerland has added guidance on sanctions against Russian steel
Switzerland has added guidance on sanctions against Russian steel

The country clarified which documents will be considered as proof of the country of origin

Photo – New EU sanctions against Russia could significantly affect British steelmakers
New EU sanctions against Russia could significantly affect British steelmakers

The restrictions will require evidence that the raw materials used to produce the final product do not come from the Russian Federation

Photo – UK will keep duties on HRC from China, Brazil, Iran and Russia until 2027
UK will keep duties on HRC from China, Brazil, Iran and Russia until 2027

Government Decision Meets Local Trade Enforcement Authority (TRA) Guidelines

Photo – Italy accounted for more than 50% of Russian pig iron exports in January-July
Italy accounted for more than 50% of Russian pig iron exports in January-July

Italian metallurgists imported 3.8 million tons of pig iron from Russia in 7 months. Another 1.2 million tons of products were delivered to Turkey

Photo – The European Union imported 486.7 ths t of Russian iron and steel products in April
The European Union imported 486.7 ths t of Russian iron and steel products in April

The main share of imports falls on semi-finished products – 72.7% of the total supply

Photo – A new round of EU sanctions may affect Turkish steelmakers
A new round of EU sanctions may affect Turkish steelmakers

Most of the Turkish HRC producers rely on slabs of Russian origin

Photo – EU tightens restrictions on steel imports as part of sanctions
EU tightens restrictions on steel imports as part of sanctions

Companies will need to prove that the materials used for processing in a third country do not originate in the Russian Federation

Photo – Odesa Prosecutor’s Office handed over 2.5 ths t of Metaloinvest’s seized iron ore to ARMA
Odesa Prosecutor’s Office handed over 2.5 ths t of Metaloinvest’s seized iron ore to ARMA

At the beginning of the year, the department seized the Russian company's raw materials, which were located at one of the railway stations in the region

Photo – The European Union imported 1.36 million tons of iron and steel products from Russia in January-March
The European Union imported 1.36 million tons of iron and steel products from Russia in January-March

The costs of importing Russian iron and steel products amounted to €662.11 million

Photo – The UK introduced sanctions against Russian MMK and Severstal
The UK introduced sanctions against Russian MMK and Severstal

Severstal also fell under the new sanctions of Australia

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

The products entered the territory of Ukraine in March 2022 for the purpose of transit transportation

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