putin's I.B.S.

@putinsibs.bsky.social

6 months ago

long term, turn industrial enterprises into a heap of rusty metal," #Shevelev warned. He said steelmakers are facing a sharp decline in demand, and the greatest risk posed by the current crisis is a complete halt to development.

According to #Rosstat, last year, #Russian metallurgy reduced output

putin's I.B.S.

@putinsibs.bsky.social

6 months ago

14% of all steel production in #Russia

According to #Shevelev, metallurgists have been hit by export restrictions related to sanctions, and the crisis has been exacerbated by an unprecedentedly long period of high key interest rates set by the #Central_Bank

"A shortage of financing could, in the