Russia's richest gain billions in new wealth
Russia's wealthiest have increased their net worth in 2023 despite Western sanctions, Bloomberg's Billionaires Index shows Read Full Article at RT.com
Source: russiaherald.com
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Explained: How Russia's rich retained their wealth despite Western sanctions over Ukraine war
Andrei Melnichenko, the founder of fertiliser producer Eurochem, is Russia’s richest person. The country has 110 billionaires, whose wealth increased from $353 billion in March 2022 to $505 billion by March of this year despite Western sanctions
Source: firstpost.com
Yermak-McFaul Group proposes complete embargo on metal products from Russia, EU ban on import of Russian diamonds
The Yermak-McFaul International Sanctions Group proposes to introduce a complete embargo on all Russian ferrous metallurgy products without exception, but with long transition periods, as well as a ban on production of metal products in third countries from steel of Russian origin among all participants in the sanctions coalition.
Source: interfax.com.ua
Italy's Marcegaglia buys Severstal's Latvian operations
MILAN (Reuters) -Marcegaglia has acquired Russian steelmaker Severstal's unit in Latvia, the Italian steel firm said on Friday, after sanctions on Severstal's main shareholder made it impossible for the business to operate. | 07:20am
Source: marketscreener.com
Italy's Marcegaglia inks agreement on Severstal's subsidiary acquisition - Business & Economy
It is highlighted that EU sanctions rendered operations of Severstal’s distribution arm in Europe impossible
Source: tass.com