Metso stops deliveries to Russia

Metso Outotec has announced that it has ceased all its deliveries to Russia, as the war in the Ukraine rages on.

Finland-based Metso said, “As a result of Russia’s military actions against Ukraine, the European Union, the United States and other countries have announced severe sanctions against Russia.

Photo: Metso Outotec.

“While the mining industry is currently not directly targeted by the sanctions, sanctions against the banking sector and individuals as well as other restrictions may have an impact on Metso Outotec and our customers’ Russia related businesses.

“Due to the current unclear and changing sanction situation, Metso Outotec has temporarily ceased its deliveries to Russia.”

Metso does not own any production facilities in Russia or procure materials from the country and around 10% of its total sales go to Russia.

“Metso Outotec’s customers in Russia operate in several mining and metals processing sites across Russia. Capital projects are typically long with deliveries taking place over the course of several years,” said Metso.