Experts doubt the effectiveness of EU sanctions: Imports of Russian metal products have increased significantly. Despite the ongoing Russian aggression against Ukraine and EU sanctions, Russian manufacturers continue to receive substantial income from exports of metal products and minerals to the EU, particularl... #EUmarket #MetallurgyRussia #Russiaexport #RussianEconomy #SanctionsAgainstRussia
The EU cannot eliminate its Russian dependence; purchases of metal products and LNG are increasing. The results of January-August 2024 show that the EU imported 3.9 million tons of metallurgical products of Russian origin. Analysts note that import costs reached €1.87B, and predict that by the end o... #MetallurgyRussia #Russiaexport #RussianEconomy #RussianLNG #RussiaProfits #SanctionsAgainstRussia
One more Russian industry has problems with exports due to the strengthening of American sanctions and the mass blocking of bank payments. Thus, Russian metallurgists faced a sharp drop following coal companies, which lost 17% of exports in January-June. According to Russian Railways, the export of metals by rail decreased by 14% compare... #MetallurgyRussia #PaymentsBlocking #Russiaexport #RussianEconomy #SanctionsAgainstRussia
Ukraine paralyzed the work of a Russian metallurgical plant that is critical for its defense industry. On the night of July 1, the Main Directorate of Intelligence and the Foreign Intelligence Service, paralyzed operations at the Oskol Electrometallurgical Plant (OEMK). This plant is the only full-cycl... #AttackOnRussia #Crimea #MetallurgyRussia #Oskol #WarinUkraine
Ukraine is successfully replacing the Russian Federation in the European metal products market. According to Eurostat data, Ukrainian mining companies shipped 5.11 million tons of iron ore to the EU market in January-April, which is 3.7% more than in the same period last year. The costs for Euro... #IronOreExport #MetallurgyRussia #MetalProductsImport #UkrainianMetalExport #Ukrainianmetallurgy
The easing of EU sanctions on Russian metal will provide Putin with €1.5B for weapons. Despite numerous sanctions, the Russian economy is developing and growing (2.2% last year), and the country continues earning billions in the European market. Therefore, said Aaron Pluto, a strategic ... #AaronPluto #MetallurgyRussia #MetalProductsRussia #RussianEconomy #RussiaProfits #SanctionsAgainstRussia
Ukrainian metallurgists call for an end to the import of Russian iron and replacing it with Ukrainian and EU goods. The National Association of Extractive Industries of Ukraine (NADPU) called on the EU to take active measures to stop importing MMC products from the Russian Federation. It should be noted that the EU... #EUmarket #IronOreExport #MetallurgyRussia #SanctionsAgainstRussia #Ukrainianmetallurgy
Sanctions against the Russian mining and metallurgical industry: Will Ukraine benefit? As a result of European sanctions on the Mining and Metallurgical Industry (MMI), Russia’s export of metallurgical raw materials, semi-finished products, rolled steel, and pipes to the EU decrea... #MetallurgyRussia #SanctionsAgainstRussia #Ukrainianmetallurgy
