2 Mar 2022 10:22
Severstal announces end to supplies to EU owing to sanctions against Mordashov
MOSCOW. March 2 (Interfax) - Severstal has announced that it has ceased supplying steel products to Europe owing to sanctions imposed against the company's principal owner, Alexei Mordashov, Severstal said in a statement.
"We have stopped deliveries to the EU in connection with the sanctions imposed against the shareholder. We are redirecting commodity flows to alternative global markets," the company said.