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sanctions - Latest news GMK Center

Photo – Russian Evraz has launched the process of selling its North American division
Russian Evraz has launched the process of selling its North American division

The company is currently collecting applications for the acquisition of the assets of Evraz North America

Photo – Indian companies are buying Asian currencies to import coal from the Russian Federation
Indian companies are buying Asian currencies to import coal from the Russian Federation

In July, Russia became the third largest supplier of coal to India, increasing the index by 21%

Photo – The Russian Federation authorities predict an 8-year stagnation of steel industry due to sanctions
The Russian Federation authorities predict an 8-year stagnation of steel industry due to sanctions

Russian steelmakers need more than 10 years to import replacement of key equipment

Photo – Turkish traders plan to sell Russian steel to the EU to circumvent sanctions
Turkish traders plan to sell Russian steel to the EU to circumvent sanctions

Turkey has sent a working group to the Russian Federation to resolve the issue of Russian goods

Photo – The government approved the draft decree on the confiscation of Russian assets
The government approved the draft decree on the confiscation of Russian assets

In total, the list includes 903 items, including property – 804 objects, corporate rights – 79 packages

Photo – EU Council extends sanctions against Russia for another six months
EU Council extends sanctions against Russia for another six months

Restrictive measures end on January 31, 2023

Photo – Will anti-dumping investigations against steel from the Russian Federation become a trend
Will anti-dumping investigations against steel from the Russian Federation become a trend

Cheap Russian steel products lead to a drop in production and income of local manufacturers

Photo – The EU approved the seventh package of sanctions against Russia
The EU approved the seventh package of sanctions against Russia

All components of the new package to some extent have already been heard from the lips of officials or in the media

Photo – Fitch downgrades Belarus’ foreign currency rating to limited default
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

Photo – Canada introduced a new package of sanctions against Russia
Canada introduced a new package of sanctions against Russia

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

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

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