16
Mar
17:45
MMK's chairman falls under EU sanctions
The chairman and owner of Russia's Magnitogorsk Iron and Steel works (MMK), Victor Rashnikov, has been added to the EU Financial Sanctions List of 15 March, Kallanish notes.
Rasnikov is the ultimate beneficiary of Altair LLC, registered in Magnitogorsk, Russia, which owns 79.76% of the shares of MMK, since 3 March 2022. Previously, this shareholding was owned by Cypriot Mintha Holding Ltd, and the restructuring was carried out within the framework of one…
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Anonymous
Very good overview of the weekly steel market.
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