Report: U.S. Sanctions Are Impairing Mordashov, Severstal
06/06/2022 - U.S. sanctions on Russian billionaire and Severstal founder Alexey Mordashov potentially could unravel the company’s efforts to establish itself in markets outside of the country, reports the Bloomberg news service.
According to Bloomberg, the company already is cutting output, but has enough orders on books to operate at about 70% of capacity.
Bloomberg has more here.
