According to Eurostat, European companies in the first four months of 2025 almost exhausted the annual quota for the purchase of Russian pig iron, established under the 12th package of EU sanctions. This is reported by ‘ Vedomosti ’. The total volume of Russian pig iron exports to EU countries in January-March amounted to 697 thousand tonnes against the annual quota of 700 thousand tonnes. The main importers were Italy (524.6 thousand tonnes), Latvia (87.3 thousand tonnes) and Belgium (31 thousand ...

South Korean Samsung Display has stopped purchasing Russian gold, tungsten and tantalum, according to the company's reports. Previously, these metals were supplied by Krastsvetmet, Solikamsk Magnesium Plant (part of the mining division of State Corporation Rosatom) and other Russian enterprises. Experts do not rule out that the refusal may lead to an increase in the cost of electronics by 2-5%. Samsung Display, part of Samsung Semiconductor, makes screens for smartphones, including the Apple ...

Rusal has started reducing production volumes as part of optimization of its aluminium output capacities amid record alumina prices, having cut them by 10%, Vice President Elena Bezdenezhnykh said in an interview with Vedomosti newspaper. "Aluminum production has been declining, indeed, unfortunately. The process started late last year. We have slashed volumes by 10%, evenly at all plants, including in Siberia. The reasons are obvious, the sanctions pressure. That said, I would stress that no ...