Metso Outotec cuts Russia supply line

Sanctions hit transactions

Finland’s Metso Outotec has shut down deliveries to Russia due to impacts of global sanctions on the country. Russia contributed about 10%, or €420 million, of the mineral processing equipment manufacturer’s sales last year.

“As a result of Russia’s military actions against Ukraine, the European Union, the United States and other countries have announced severe sanctions against Russia,” Metso Outotec said.

“While the mining industry is currently not directly targeted by the sanctions, sanctions against the banking sector and individuals as well as other restrictions may have an impact on Metso Outotec and our customers’ Russia-related businesses.

“Due to the current unclear and changing sanction situation, Metso Outotec has temporarily ceased its deliveries to Russia.”

Metso Outotec said it did not own production facilities or have any material procurement channels in Russia.


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