Severstal lost more than $400 million due to the effect of Western sanctions

Due to the loss of Western customers, seizure of property and account balances in Europe, the company's income decreased

US has imposed sanctions on Severstal and its major shareholder

American companies to stop operations with Severstal until August 31, 2022

Severstal property worth $33 million arrested in Poland

Severstal is the largest Russian company whose property was frozen in Poland due to sanctions