Washington, DC – The United States has imposed additional sanctions on Russian metals and mining companies, targeting entities that support the country's war efforts in Ukraine. The Treasury and State departments announced a wide-ranging set of actions against approximately 400 companies and individuals involved in providing products and services that enable Russia to sustain its military operations and evade existing sanctions.
Among the new targets are several Russian-domiciled Evraz affiliates and PAO Magnitogorskiy Metallurgicheskiy Kombinat (MMK), the nation's largest steelmaker. Additionally, the sanctions extend to iron ore and coking coal providers.
In a statement, the Treasury Department emphasized its commitment to reducing Russia's revenues from metals, noting that the new sanctions target entities involved in the country's metals and mining sector, including steel, iron, and coal mining firms, as well as auxiliary companies that provide specialized services.
The announcement coincides with Ukrainian Independence Day and builds upon previous sanctions imposed on Russian metals and mining companies by the US and UK, including Mechel, TMK, and OMK.
The Evraz sites specifically mentioned in the sanctions list include AO Evraz Kachkanarski Gorno Obogatitelny Kombinat, AO Evraz Nizhnetagilski Metallurgicheski Kombinat (NTMK), AO Evraz Obedinenny Zapadno Sibirski Metallurgicheski Kombinat, AO Evraz Vanadi Tula, and AO Evraz Market.
Other metals and mining companies affected by the sanctions include AO Obyedinennaya Ugolnaya Kompaniya Yuzhkuzbassugol, GRK Bystrinskoe, OOO Raspadskaya Ugolnaya, OOO Shakhta Alardinskaya, OOO Shakhta Esaulskaya, and PAO Raspadskaya.
Furthermore, several Russian companies that provide support to the metals and mining industry, ranging from construction and financial services to engineering and freight transport, have also been sanctioned. Italian and Turkish machine tool manufacturers are also included in the targets.
