Kremlin spokesman Dmitry Peshkov said today that Russian metal companies were facing “hostile behavior” from “unfriendly” countries to Moscow and that Russia would implement a plan to counter the measures.
“We are among the top in the world in the metal industry and our companies are facing hostile behavior, … our companies are facing some difficulties,” Peshkov told reporters.
The Russian economy is being hit by Western sanctions in response to the February 24 Russian invasion of Ukraine.
Russia is a major producer of metals such as aluminum, nickel, palladium, copper, steel and gold.
Western countries have imposed sanctions on Russian oligarchs with large shares in Russian metal companies.
So far, however, they have avoided imposing direct sanctions on the companies themselves so as not to cause deficits that would lead to higher prices worldwide.
Nevertheless, banks, transport companies and consumers are avoiding Russian metals, forcing Russian companies to look for new supply routes.
Vladimir Putin is scheduled to meet today with representatives of the metal industry.
Source: ΑΠΕ-ΜΠΕ
Source: Capital
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