Cast iron exports from Russia to the EU increased by 40% compared to the same period in 2022, reaching 1.25 million tons. The newspaper reports this “Vedomosti” Referring to Eurostat.
In September, supply amounts doubled compared to the same period last year and reached 117 thousand tons. The share of Russian pig iron in the EU’s total imports is 61%. At the same time, Bloomberg reported on the European Union’s plans to impose a ban on Russian cast iron imports as part of the 12th package of anti-Russian sanctions. According to Brussels’ estimates, this situation is expected to cause a loss of 5.3 billion dollars a year to the Russian Federation.
According to the World Steel Association, Russia produced 46.7 million tonnes of pig iron in January-September 2023; This means an increase of 4.3% compared to the same period last year.
One day before it was revealed what the European Union was secretly doing acquisitions More than half of the LNG exported by Russia. According to The Telegraph, the most serious buyers of gas from the Russian Federation are Belgium and Spain.
previously economist stated Reducing the commercial importance of the European Union for Russia