sanctions

Fitch downgrades Belarus’ foreign currency rating to limited default

The rating was downgraded to 'RD' after the expiration of the grace period for coupon payments on Eurobonds in 2027

Canada introduced a new package of sanctions against Russia

Base metals production, land transport, pipelines, and other industries fell under the restrictions

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Britain announced a ban on the import of ore and steel from Belarus

New package of sanctions includes a $73 million import and export ban on goods

Russia’s Nornickel lost 50% of its suppliers of spare parts and equipment

The reasons for this are sanctions, the consequences of the coronavirus pandemic, and logistical problems

Security Service of Ukraine seized property of RusAl, Rostekh and Tatneft

RusAl owns the property of the Mykolaiv Alumina Plant in Ukraine

G7 to direct revenues from raising tariffs on Russian goods to Ukraine

United States to increase tariffs on 570 groups of Russian goods worth $2.3 billion

Iranian steelmakers accuse Russia of significantly reducing local production

After the imposition of Western sanctions, Russia shifted all exports to Asian markets, reducing demand for Iranian steel

Tata Steel bought 75,000 tons of coal in Russia despite cessation of business ties

The company assures that the agreement on the supply of raw materials was concluded before the cessation of trade relations with Russia

Russian steelmakers expect flat products output to fall by 23% in 2022

In general, steel production in the country may fall by 15%

Deglobalization and regionalization: global trend of the world economy

The new reality has learned Ukrainian mining & metals industry to be flexible and make quick market decisions

Polish customs arrested Metalloinvest’s iron ore and rebar

The reason of seizure were earlier imposed sanctions

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