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India's top steelmaker will stop importing Russian coal due to 'uncertainties' created by Western
sanctions on MoscowIndia's top steelmaker said it would stop importing Russian coal due to "uncertainties" created by Western sanctions, the Financial Times first reported.
Tata Steel was India's biggest importer of Russian coal in the first quarter, bringing in 617,000 tonnes, according to data from CoalMint cited by the FT. But Tata placed those orders before Russia invaded Ukraine.
"To ensure business continuity, we have sourced alternative supplies of raw materials as transactions with Russian suppliers and bankers at present come with a lot of uncertainties as a result of international sanctions imposed on Russia," a spokesperson for Tata Steel told the FT.
The company's decision to halt Russian coal imports comes despite India's willingness to buy Russian oil, which New Delhi has vehemently defended while other governments have banned it or are heading that way.
https://www.msn.com/en-us/news/world/indias-top-steelmaker-will-stop-importing-russian-coal-due-to-uncertainties-created-by-western-sanctions-on-moscow/ar-AAWQei6
