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Belgium has a Russian steel addiction — and doesn't want to fix it

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

Novolipetsk Steel PJSC plant, operated by NLMK Group, in Lipetsk, Russia, on June 18, 2018.

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