War in Ukraine: who benefits from sanctions, price rise, and materials supply crisis

Many major countries’ producers, and entire industries may benefit from the consequences of the Russian war against Ukraine

MAN shut down two plants in Europe due to lack Ukrainian components

Three plants of the company reduced production volumes

IMO clarified rules of insurance in the Black Sea and the Sea of Azov

Russian insurers can be confronted with difficulties while extension the reinsurance agreements and making payments in USD

Australia to impose 35% duty on products from Russia, Belarus

The country ratching up economic sanctions in response to Russian invasion of Ukraine

Запорожский ЛМЗ реконструирует фасонно-литейное отделение
Zaporizhzhya Casting & Mechanical Plant partially resumed production

The company is going to master the production of spare parts for mining, and lifting machines

Ukrainian government estimates losses from Russia’s aggression at $1 trillion

Expert’s calculations structured damage into three categories

ArcelorMittal to launch blast furnace No. 6 in April

The launch of blast furnace could take place in near future in case of normalization of raw materials supply, energy costs, and martial law

Which Ukrainian iron & steel companies continue to work (update)

Today the key problems are the safety of employees and production, as well as the logistics challenges

Ukraine expects up to €6 billion support from international partners

The Ministry of Finance is engaged in negotiations with international partners about support in form of loans, and grants

Ukrainian companies lost $80 billion due to war, Ministry of Economy

In total, Ukraine ran up $564.9 billion one-time losses from the Russian invasion

Metinvest provided $500,000 for Zaporizhzhya territorial defense

The funds will be used to buy bulletproof vests, helmets, and first aid kits

Global economy expectation from Russian-Ukrainian war

Consequences of the aggression against Ukraine for the world gross product in 2022 will be at least -1% down growth, or $1 trillion

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