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Russian steelmaker Severstal has lost over $400 million as a result of Western sanctions, chairman of the company's board of directors Alexei Mordashov said at a plenary meeting as part of the Russian Industrialist Forum, Kallanish notes. “We all understand that, now, it is very difficult to return foreign exchange earnings to the country, partly impossible,” he noted. “For example, we, Severstal, lost $400 million. A little more, stuck in Eu…
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