The EU has expanded sanctions against Russia regarding scrap and metal products
The EU has expanded its sanctions against Russia and Belarus as part of broader packages covering finance, trade, transport, services and measures to prevent circumvention of sanctions, including in metallurgy, Kallanish notes.
The new measures tighten control over individual parts of the steel supply chain, targeting revenues from the sale of steel scrap, metals, minerals and industrial raw materials, while limiting exports of steel products, welding materials, metalworking tools, lubricants and related industrial equipment that could support Russian or Belarusian capacities.
For Russia, the package includes import bans, including CN 7204 ferrous metal waste and scrap, CN 7404 copper waste and scrap, CN 7503 nickel waste and scrap, and CN 7602 aluminum waste and scrap.
Export restrictions have also been expanded to include screws, bolts, nuts, rivets and washers CN 7318 made of cast iron or steel, other cast iron or steel products CN 7325, welding wire CN 8311, rods, electrodes and similar products for metal plating, as well as CN 8457 out of 10 machining centers for metal processing.
For Belarus, these measures similarly include a ban on the import of iron ores and concentrates according to CN 2601 and slag, scale, scale scale and other waste from the production of pig iron or steel according to CN 2619. While export restrictions now apply to fasteners made of iron or steel CN 7318, other cast iron or steel products CN 7325 and welding and soldering products CN 8311, as well as metalworking tools and lubricants for industrial purposes.
Some measures include transitional periods for the termination of previously concluded contracts, including the release of Belarus until July 25, 2026 for some goods newly included in the list.
Author: Elina Virchenko
Kallanish.com