EU sanctions co-owner of Russia’s IMH; pig iron supply may tighten
The European Commission (EC) has imposed sanctions on Evgeny Borisovich Zubitskiy - co-owner, chairman of the board and chief executive officer of Russia’s Industrial Metallurgical Holding (IMH) - that will affect the company’s pig iron business and create further tightness in global supply, sources told Fastmarkets on Monday April 11.
The EC agreed its proposed fifth package of sanctions against Russia
on April 8, in response to that country’s war against Ukraine.
“[Zubitskiy] is a shareholder of the Koks...