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The EU has imported €1B worth of Russian metal products in five months, but Russian metallurgists' profits are declining.
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The EU has imported €1B worth of Russian metal products in five months, but Russian metallurgists' profits are declining.
According to Eurostat, from January to May 2025, despite sanctions, the EU imported 2.57 million tons (+1.1% compared to the same period last year) of metallurgical products from Russia, with a cost of €1.06B. Most of these imports are semi-finished products; in five months, 1.49 million tons were sent to the EU totaling €681.9M. Large volumes of pig iron were also imported in the amount of 696,990 tons (+68.5%). Meanwhile, the net profit of Rus…
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