Stellantis suspends car production in Russia

Stellantis suspends car production in Russia

Stellantis plant in Kaluga produces Peugeot 408 and Citroen C4 passenger cars, Peugeot, Opel and Citroen light commercial vehicles, as well as...

Demand for ferrous metals in Russia grew by almost 40% in the first quarter

Demand for ferrous metals in Russia grew by almost 40% in the first quarter

Domestic demand for steel and metal products in the Russian market continued to grow in March, despite the imposition of Western sanctions....

Metallurgists of Magnitogorsk replaced the scarce Ukrainian rolls with imports

Metallurgists of Magnitogorsk replaced the scarce Ukrainian rolls with imports

The new machine Kuettner (Germany), put into operation at the Magnitogorsk plant of rolling rolls, will produce scarce equipment with a diameter of...

Heat pumps will become an effective weapon in the energy war between the EU and Russia - Time

Heat pumps will become an effective weapon in the energy war between the EU and Russia - Time

The European Union intends to double the production and installation of heat pumps in order to convert as much heating as possible from gas to...

The US Department of Commerce has compiled a "black list" of 32 Belarusian and Russian airliners

The US Department of Commerce has compiled a "black list" of 32 Belarusian and Russian airliners

U.S. officials from the Bureau of Industry and Security of the U.S. Department of Commerce have identified the first Belarusian and several Russian...

Moody's believes that Russia may be in a state of default as early as May 4

Moody's believes that Russia may be in a state of default as early as May 4

Russia may default after trying to service its dollar bonds in rubles due to Western sanctions over the war in Ukraine, Moody's reported....

Kirov plant OCM produced an experimental batch of products

Kirov plant OCM produced an experimental batch of products

The entire trial batch of copper transformer tape with a rolled (rounded) edge was sent to the consumer....

The Federation Council of the Russian Federation was shocked by the lack of production of nails in the country

The Federation Council of the Russian Federation was shocked by the lack of production of nails in the country

The Russian Federation was unable to carry out import substitution of steel nails and continues to purchase them in Ukraine....

About 100 Russian metal traders agreed to limit the markup on metal products to 12%

About 100 Russian metal traders agreed to limit the markup on metal products to 12%

The Ministry of Industry and Trade of Russia has published a list of accredited distributors, trading houses and metal service companies that will...

Russia continues to purchase over 40% of oil and gas equipment abroad

Russia continues to purchase over 40% of oil and gas equipment abroad

The system of financing the full cycle of development of oil and gas engineering products created in the Russian Federation allowed Russian companies...

Russia may be left without lithium raw materials - deliveries from Chile and Argentina have been stopped

Russia may be left without lithium raw materials - deliveries from Chile and Argentina have been stopped

Russia, which does not have industrial lithium production, may be left without raw materials for the production of batteries if the last source of...

Nordgold fails to pay coupon on USD Eurobonds

Nordgold fails to pay coupon on USD Eurobonds

The Company emphasizes that it has all the necessary financial resources to make payments on Eurobonds and will continue to interact with the trustee...

Biden signs bill to suspend customary trading status with Russia

Biden signs bill to suspend customary trading status with Russia

Along with the suspension of trade status, Biden also signed a separate law to ban energy imports from Russia....

Moscow to produce 3D printers from Russian components

Moscow to produce 3D printers from Russian components

The Moscow company will launch its own production of 3D printers. They will consist of the maximum number of components produced in Russia. The...

Since the beginning of April, the United States has completely stopped importing oil from Russia

Since the beginning of April, the United States has completely stopped importing oil from Russia

In early March, the administration of US President Joe Biden announced a ban on oil imports from Russia....

Severstal has lost a third of its sales and is forced to look for new customers - WSJ

Severstal has lost a third of its sales and is forced to look for new customers - WSJ

The EU's action against Severstal owner Alexei Mordashov has left its steel stuck in warehouses across Europe, with sales staff scrambling to...

Russia launches military communications satellite

Russia launches military communications satellite

This is the second launch by Russia in March 2022...

ArcelorMittal completely refused to supply Russian raw materials to its European plants

ArcelorMittal completely refused to supply Russian raw materials to its European plants

ArcelorMittal's iron ore and coal portfolio has helped ease the company's exit from Russia, but other European steelmakers will have a...

Japanese NEC has suspended the registration of orders for its products in Russia

Japanese NEC has suspended the registration of orders for its products in Russia

To date, more than 700 Ukrainian employees of Netcracker Technology, a subsidiary of NEC Corporation in Ukraine, and their families have been...

The European Union has banned the export of Russian steel and metal products

The European Union has banned the export of Russian steel and metal products

The European Commission has also canceled Russia's most favored nation trade regime and formalized plans to suspend Russia's membership in...

UK introduces 35% duties on imports of Russian metals

UK introduces 35% duties on imports of Russian metals

The new measure is announced as a blow to the Russian economy, but according to Platts analysts, it will have almost no effect on Russian export...

Elon Musk wants to save the ISS after Russian threats

Elon Musk wants to save the ISS after Russian threats

Elon Musk said that SpaceX will save the International Space Station if Russia withdraws from the space program due to tough US sanctions...

Sanctions may stop Russian sales of rolled metal for export - Platts

Sanctions may stop Russian sales of rolled metal for export - Platts

Traditional buyers of Russian steel are already starting to abandon purchases in the Russian Federation, and new sanctions against Russian banks...

Russia-focused companies fail due to its invasion of Ukraine

Russia-focused companies fail due to its invasion of Ukraine

Mining stocks operating in Russia were among the first to feel the negative effects...

Panic on the securities market in Russia: quotes collapsed to 13-year lows

Panic on the securities market in Russia: quotes collapsed to 13-year lows

The total losses of the Russian stock market during trading on February 21 amounted to about 4 trillion rubles (50 billion US dollars)....

The head of the European Commission threatened Vladimir Putin with the loss of half of the Russian budget

The head of the European Commission threatened Vladimir Putin with the loss of half of the Russian budget

Ursula von der Leyen's comments come as tensions mount in Europe after U.S. President Joe Biden said on February 18 that he was convinced that...

Fitch Ratings is preparing to revise Russia's ratings downwards

Fitch Ratings is preparing to revise Russia's ratings downwards

The agency notes that tough sanctions against Russia may have negative consequences for the sovereign rating and banks....

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