sanctions - Latest news GMK Center

The government made this decision at a meeting on September 27, 2022

European companies and third countries cannot ensure stable supplies of semi-finished products, according to rolled steel producers

The most demanded Russian products are pig iron and steel semi-finished products

The processing of semi-finished products in a third country creates a loophole for circumventing sanctions

The slabs were not included in the fourth EU sanctions package adopted in March 2022

After 6 months of war, steelmakers from the Russian Federation are experiencing difficulties with exporting products and buying spare parts for equipment

Steel consumption in the Russian Federation in the second quarter of 2022 decreased by 16% q/q

The rise in prices was short-term, as high gas reserves in the EU allow for a quick response to panic in the market

Russian NLMK supplies products to the EU market through the Belgian subsidiary NLMK Belgium Holdings SA and SOGEPA

One of the largest consumers of aluminum will switch to alternative suppliers from 2023

The total amount of blocked assets is hundreds of billions of dollars