EU to ban imports of steel products from Russia to deprive country of "billions in export revenues" - European Commission

MOSCOW. March 11 (Interfax) - The European Union will introduce restrictions on imports of goods produced by Russian steel plants as part of another package of sanctions.

"We will prohibit the import of key goods in the iron and steel sector from the Russian Federation. This will hit a central sector of Russia's system, deprive it of billions in export revenues and ensure that our citizens are not subsidising Putin's war," the European Commission said in the Statement by EC President Ursula von der Leyen "on the fourth package of restrictive measures against Russia," which was published on Friday afternoon.