sanctions

The decline in export sales was less than the markets had expected

The duty will also be applied to other steel products from the Russian Federation

Unblocking of ports, sufficient energy supplies, increasing the capacity of railways will allow our plants and minings to increase exports

Due to non-payment of taxes and other payments, losses of over UAH 118 million have been caused to the state

The export of concentrate fell by 8.5 times y/y, and pellets – by 3.7 times y/y

The European market remained open for raw materials from the Russian Federation, the USA introduced minimal bans

Restrictions, in particular, will apply to oil, coal, steel products and gold

The sale of the company is likely due to pressure from the Romanian authorities to protect the industry from Russian business

The sanctions came into force on January 9, 2023. Steel products must be returned from the border, abandoned or confiscated

The raw material, which belongs to a citizen of the Russian Federation, was located in several seaports of Ukraine

Rolled steel production at the mill was suspended due to problems with the unit

It is proposed to add a ban on new investments in the Russian mining sector to the ninth package of sanctions