29 Feb 2024 11:43

TMK does not expect sanctions to significantly impact operations

MOSCOW. Feb 29 (Interfax) - The management of pipe producer TMK has assessed the impact of US sanctions and the associated risks on the group's financial position and operating activities and expects that they will not have a significant impact on its operating activities.

"The Group will take the necessary measures to maintain financial and economic stability," TMK said in its report.

As reported, on February 23, PJSC TMK, all its plants, and redomiciled holding company TMK Steel Holding IC LLC were included in the SDN List.