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sanctions - Latest Articles GMK Center

Photo – The USA introduced sanctions against the Russian Metaloinvest
The USA introduced sanctions against the Russian Metaloinvest

The subsidiaries of Metaloinvest Lebedynskyi and Mykhailivskyi Minings, OEMK and the Swiss Metalloinvest Trading came under the influence of Western sanctions

Photo – The EC approved the acquisition of Marcegaglia by Latvian Severstal Distribution SIA
The EC approved the acquisition of Marcegaglia by Latvian Severstal Distribution SIA

SD SIA controls the service center in Riga and subsidiary companies SD Sp.zo.o. in Poland and SD OOO in Ukraine

Photo – Japan bans steel exports to the Russian Federation
Japan bans steel exports to the Russian Federation

The ban will come into effect on April 7, 2023

Photo – State Property Fund plans to put up for privatization Mykolaiv Alumina Plant
State Property Fund plans to put up for privatization Mykolaiv Alumina Plant

The assets of the enterprise were confiscated from the Russian oligarch Oleg Deripaska at the beginning of a full-scale invasion of the Russian Federation

Photo – Russian suppliers of slabs reduce prices for Turkiye
Russian suppliers of slabs reduce prices for Turkiye

Suppliers from the Russian Federation have to compete with Asian imports

Photo – EUROFER supports the strengthening of sanctions against the export of Russian iron and steel products
EUROFER supports the strengthening of sanctions against the export of Russian iron and steel products

Due to the war, Europe lost about 20 million tons of steel from Ukraine

Photo – Canada introduced a ban on aluminum and steel import from the Russian Federation
Canada introduced a ban on aluminum and steel import from the Russian Federation

In 2021, the country imported $213 million worth of Russian steel products

Photo – The LME suspended the arrival of Russian metals to warehouses in the United States
The LME suspended the arrival of Russian metals to warehouses in the United States

Currently, there are only 400 tons of aluminum alloy in the American warehouses of the exchange

Photo – Russian steel exporters lost part of their traditional markets in 2022
Russian steel exporters lost part of their traditional markets in 2022

The decline in export sales was less than the markets had expected

Photo – The US is introducing a 70% tariff on Russian pig iron
The US is introducing a 70% tariff on Russian pig iron

The duty will also be applied to other steel products from the Russian Federation

Photo – Ukraine can replace the production of iron and steel of the Russian Federation in Europe for $74 million every month
Ukraine can replace the production of iron and steel of the Russian Federation in Europe for $74 million every month

Unblocking of ports, sufficient energy supplies, increasing the capacity of railways will allow our plants and minings to increase exports

Photo – Iron ore worth UAH 1.8 billion is transferred to ATMA
Iron ore worth UAH 1.8 billion is transferred to ATMA

Due to non-payment of taxes and other payments, losses of over UAH 118 million have been caused to the state

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