A complete ban on Russian steel and ore in the EU will deprive the Russian Federation of more than 10 billion euros of revenue– President of OP “Ukrmetalurgprom” Alexander Kalenkov at the Fair Play International Conference.
It's about a complete restriction on imports of Russian slabs, cast iron and iron ore raw materials to the European Union.
The Metallurgical Sector of the Russian Federation is one of the largest donors of the Russian budget after energy. Metallurgy provides More than 5% of GDP ofand one workplace in this industry provides work 8 more people in adjacent. Moreover, the enterprises of Russian metallurgy melt the steel from which the Kremlin produces military equipment and missiles.
⭕️Alexander Kalenkov also told that the Kremlin Avoid a complete ban on their products Due to the fact that the EU has branches of Russian metallurgical companies. AND they blackmaile European governmentsthreatening massive dismissal of staff.
Thus suffer from the behavior of the Russian Federation It is European manufacturers: They cannot compete with cheap Russian metal because they do not have such cheap energy and labor. And the Russians – dumping on the market and distorting competition.
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