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Russian steelmaker severstal suspends Europe sales on sanctions

Russian steelmaker severstal suspends Europe sales on sanctions
# 02 March 2022 11:00 (UTC +04:00)

Russian steelmaker Severstal PJSC suspended sales to Europe, its biggest export market, after billionaire owner Alexei Mordashov was sanctioned, along with other tycoons in the country, APA reports citing Bloomberg

The company, which sells about 3 million tons of steel per year to Europe, is looking at new avenues for sales after being forced to suspend deliveries, a person familiar with situation said, asking not to be identified as the information is private. 

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