Steel Production: News

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Azerbaijan pardons French prisoner after EU caves in on sanctions

Editor's note: this is a developing story Azerbaijan's leader Ilham Aliyev pardoned a French national on Sept. 23 reports France 24, hours after the EU agreed to delist two Russian oligarchs from sanctions. The EU was forced by French pressure to drop sanctions against oligarchs Alisher Usmanov and Mikhail Fridman on Sept. 22, in return for allowing the bloc's remaining 3,000 Russia sanctions to remain in force. The French government has not publicly cited why it adopted this position, and on

EU clears 3 billion euros for Ukraine after Kyiv passes reforms

The agreement comes hours after a meeting between European Commission President Ursula von der Leyen and President Volodymyr Zelensky, in which the former reminded that Ukraine unlock 37 billion euros ($42 billion) by carrying out previously-agreed reforms.

About Steel production

Ukraine was the world's 13th-largest steel producer before Russia's full-scale invasion, with an annual output of approximately 21 million tons. The sector previously employed 280,000 workers and generated 12% of Ukraine's GDP. Russian attacks on metallurgical facilities have reduced steel production by over 70% since February 2022. Major plants, such as Azovstal in Mariupol, remain under Russian occupation. Others have ceased operations due to energy shortages and damaged infrastructure.

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