Der russische Stahlgigant Severstal steht kurz vor dem Verlust, da die Gewinne einbrechen

4 years ago they were hit by sanctions.

SaNctiOns dOn’t woRk:

>The company’s net profit plummeted to 57 million rubles ($758,740), a staggering drop from the 21.07 billion rubles ($280.5 million) recorded during the same period last year

That’s a 370 fold drop.

Is the owner the guy who just sailed through the strait?

Sweet news if it can be relied upon. Unfortunately the state will step in as they need the steel to feed the Ukrainians with more scrap metal. 🤨 Slava Ukraini ☘️