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5/20, 2:52 PM (Source: TeleTrader)
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Putin urges to reduce prices of steel products

Russian President Vladimir Putin ordered the government to reconsider the taxes for steelmakers and coal miners amid the intensification of the Western sanctions due to the military operation in Ukraine, as published by the Kremlin on Friday.

"The Government of the Russian Federation shall approve the strategy for developing the metallurgical industry of the Russian Federation for the period up to 2030," the document says.

Besides, it emphasized that the strategy should "provide a list of measures aimed at increasing the consumption of domestic metal products in the domestic market (including through the implementation of metal-intensive projects) and reducing the prices of such products."

Baha Breaking News (BBN) / JG