Abu Dhabi poached assets of Russian steel tycoon Vladimir Lisin from Cyprus to the UAE

Abu Dhabi poached assets of Russian steel tycoon Vladimir Lisin from Cyprus to the UAE

One of the richest businessmen in the Russian Federation, Vladimir Lisin, transferred his shares in the Novolipetsk Iron and Steel Works (NLMK) and...

Rinat Akhmetov demands $3.5 billion compensation from the Russian Federation for property destroyed by the war

Rinat Akhmetov demands $3.5 billion compensation from the Russian Federation for property destroyed by the war

The damage caused by Russia's aggressive war against Ukraine is estimated by Metinvest in relation to its tangible and intangible assets at...

New generation high-strength pipes successfully tested in Russia

New generation high-strength pipes successfully tested in Russia

The new pipe is designed for difficult sections of the gas pipeline, including crossings under roads and underwater crossings. Previously, such...

Canada introduces a total ban on imports of Russian aluminum and steel

Canada introduces a total ban on imports of Russian aluminum and steel

Thus, against the backdrop of the situation around Ukraine, Ottawa limits the flow of revenues to the Russian budget. The agency clarified that the...

The United States will increase duties on more than 100 types of metals, minerals and chemicals from Russia

The United States will increase duties on more than 100 types of metals, minerals and chemicals from Russia

The United States will increase duties on more than a hundred types of Russian metals, minerals and chemicals, the Joe Biden administration announced...

Ukraine arrested Russian metallurgical assets

Ukraine arrested Russian metallurgical assets

Today, the total value of the seized assets exceeds UAH 1 billion. Among those arrested are 12 land plots, a seaport complex, apartments,...

Taiwan bans stainless steel exports to Russia and Belarus

Taiwan bans stainless steel exports to Russia and Belarus

Taiwan was one of the leading suppliers of stainless steel in Russia. According to the estimates of the Spetsstal Association, its share in stainless...

S&P: Russia will continue to dominate the steel export market in the Black Sea region

S&P: Russia will continue to dominate the steel export market in the Black Sea region

Russian steel exporters, still active on the Black Sea spot market, are cutting production, increasing domestic sales, or trying to export more to...

The Government of the Russian Federation extended the preferential import of equipment for the extraction of coal and ore

The Government of the Russian Federation extended the preferential import of equipment for the extraction of coal and ore

Enterprises engaged in the extraction of metal ores, coal and a number of other solid minerals will be able to import equipment and raw materials...

Metinvest says loopholes in European sanctions allow Russia to continue steel supplies

Metinvest says loopholes in European sanctions allow Russia to continue steel supplies

According to the CEO of a Dutch mining and metallurgical holding, a loophole that gives many Russian producers a two-year delay in importing Russian...

The state will not support the export of metals from Russia - Ministry of Industry and Trade of the Russian Federation

The state will not support the export of metals from Russia - Ministry of Industry and Trade of the Russian Federation

This year, according to the forecast of the Russian Ministry of Industry and Trade, steel production in the Russian Federation will decrease by 6–8%,...

Russia will allocate more than $700 million for the production of domestic aircraft engines

Russia will allocate more than $700 million for the production of domestic aircraft engines

The Government of the Russian Federation allocates more than 40 billion rubles for the production of aircraft engines for civil aviation....

The European Union has sharply increased purchases of Russian titanium

The European Union has sharply increased purchases of Russian titanium

According to the statistical service of the European Union, in September, exports of Russian titanium to the EU increased by 39% to 578.7 tons....

Russian steel production fell by 6%

Russian steel production fell by 6%

The Russian Ministry of Industry and Trade announced an increase in steel demand in the domestic market that began in the third quarter....

UK extends ban on Russian gold imports

UK extends ban on Russian gold imports

The supply of gold processed in third countries and containing gold from Russia is now prohibited, as well as the import of gold jewelry, expanding...

EU extends anti-dumping duties on cold rolled steel from China and Russia

EU extends anti-dumping duties on cold rolled steel from China and Russia

Anti-dumping duties in the range from 19.7% to 22.1% have been preserved for imported metal products of Chinese metallurgists, for Russian ones -...

Russian manufacturers accused of inflating prices for armored steel after the announcement of mobilization

Russian manufacturers accused of inflating prices for armored steel after the announcement of mobilization

Russian metallurgists reacted to the start of the "second stage of mobilization" as expected, raising prices for armored steel by 7-14...

Chinese aluminum producers will benefit from the stoppage of trading in Russian metals on the LME - Platts

Chinese aluminum producers will benefit from the stoppage of trading in Russian metals on the LME - Platts

Thanks to production cuts and the plans of the London Metal Exchange, aluminum prices in China have risen steadily, inventories are rapidly...

Gazprombank stops operations in Switzerland

Gazprombank stops operations in Switzerland

The Board of Directors of Gazprombank (Switzerland), part of the Gazprombank (GPB) Group, has decided to cease operations in the Swiss financial...

Russian steel production in 2022 may fall by 10% - government forecast

Russian steel production in 2022 may fall by 10% - government forecast

Russian metallurgists have been seriously affected by the sanctions, reducing their presence in the European market. The draft strategy for the...

European Council bans imports of Russian semi-finished steel under new package of sanctions

European Council bans imports of Russian semi-finished steel under new package of sanctions

Despite the resistance of metallurgical enterprises and traders, the EU included in the eighth package of anti-Russian sanctions a ban on the import...

The production of passenger cars in Russia decreased by 2.8 times in eight months

The production of passenger cars in Russia decreased by 2.8 times in eight months

Most of the global automakers operating in Russia in the spring suspended deliveries of cars and components to the country, and also paused their...

EU plans additional sanctions against Russian metallurgy

EU plans additional sanctions against Russian metallurgy

The European Commission is considering a ban on the import of semi-finished products from Russia in addition to finished steel products, despite the...

Russia may increase taxation of oil, gas, coal and fertilizers

Russia may increase taxation of oil, gas, coal and fertilizers

The Ministry of Finance of Russia included in the draft budget for 2023-2025. proposals to increase the tax burden on producers of gas, oil, coal and...

Naftogaz launches new arbitration against Gazprom

Naftogaz launches new arbitration against Gazprom

According to the chairman of the board of Naftogaz, the current long-term contract was concluded on the terms of "pump or pay". At the same...

Russia has updated the list of strategic minerals to include rare earth metals

Russia has updated the list of strategic minerals to include rare earth metals

The basic list of strategic mineral raw materials was approved by the Russian government back in 1996 and has not been updated since then....

AvtoVAZ returned to a full working week amid growing demand for new LADA

AvtoVAZ returned to a full working week amid growing demand for new LADA

The car assembly complex in Tolyatti will work 6 days a week with a sliding day off. These measures are necessary to meet the demand for new LADA...

Hungary allowed Russia to build two nuclear power units

Hungary allowed Russia to build two nuclear power units

The Hungarian Atomic Energy Administration issued a permit to the state corporation Rosatom to build the 5th and 6th power units of the Paks nuclear...

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