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Novolipetsk Steel PJSC plant, operated by NLMK Group, in Lipetsk, Russia, on June 18, 2018.
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Belgium has a Russian steel addiction — and doesn't want to fix it

by Chris Powers

More than four years after the EU began sanctioning Russian steel, Belgium remains a loyal importer — thanks to a sanctions exemption that allows a Russia-based steel giant to continue supplying its Belgian factories with low-cost slabs. Despite sweeping EU sanctions against the Kremlin for its war in Ukraine, Belgium has opposed attempts to sanction the company, NLMK, and its Kremlin-connected billionaire owner, Vladimir Lisin. Belgian officials fear that taking action could hurt employment in

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Ukraine targets key Crimea crossing amid broader strikes on Russian military logistics

Key developments on June 9: * Ukraine targets key Crimea crossing in broader day of strikes on Russian military logistics; * Russia's Starlink rival loses one of its first operational satellites, Russian media reports; * Ukraine strikes ammo depot in Russia's Belgorod Oblast, confirms fuel tank destruction near Mariupol; * Syrskyi approves Rocket Forces and Artillery development plan through 2030; * No visas for Russian soldiers, no crypto, no fish — EU announces new Russia sanctions packa

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The Kyiv Independent’s Business Desk covers the biggest news in business, economics, and tech from Ukraine, as well as global developments that shape the economy of the region.

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