Russian steel maker EVRAZ has denied speculation it is or has been supplying products to the Russian military which may have been used for military purposes. EVRAZ said “It notes recent press speculations regarding supply of materials for Russian military. EVRAZ denies the speculations that the Company is or has been supplying products to the Russian military which may have been used for the military purposes. EVRAZ in Russia supplies products to infrastructure and construction sectors for civilian use only.”It added “EVRAZ implemented compliance system in 2014 which screens every customer and identifies red flags. To eliminate sanctions, economic and reputational risks the Company verify the end-users of products and secure their civil use by special clauses in contracts. The Company is not aware of its products being used for military purposes. Suggestions about potential use of EVRAZ’s steel, vanadium and other products for military purposes indicate not only the misunderstanding of steel industry’s base principles, but the lack of knowledge about EVRAZ’s product range as well.”Organized Crime and Corruption Reporting Project claimed that Russian oligarch M Roman Abramovich’s Evraz group of companies supplied Russia’s National Guard and provided steel and explosives products to weapons manufacturers that supply the Russian military. OCCRP said “In fact contracts from Russia’s public procurement website, verified via an independent database of company contracts, show that Evraz’s Russian subsidiaries have directly and indirectly supplied the military for more than a decade. The contracts show they have supplied the National Guard as well as factories that supply the military and produce explosives and tanks. For example, Evraz ZSMK, received over USD 2.8 million between 2015 and 2018 to deliver toluene, an oil and coal product that is used in explosives, from a state-owned factory that produces ammunition and industrial explosives. In 2018, Evraz NTMK provided USD 1.4 million worth of steel to Uralvagonzavod, a Soviet-era factory that makes battle tanks and other transport machinery like freight train cars. In 2016 and 2017, the Evraz subsidiary also supplied the factory with USD 227,000 worth of vanadium slag, which is used to strengthen steel in the manufacture of weapons.”Following Russia’s invasion of Ukraine in February, western governments moved to sanction Russian oligarchs benefitting from their relationships with President Mr Vladimir Putin. Among the most recognizable of these blacklisted businessmen is Mr Roman Abramovich, the fashion-conscious billionaire who became a household name in Europe after he purchased Chelsea Football Club in 2003.
Russian steel maker EVRAZ has denied speculation it is or has been supplying products to the Russian military which may have been used for military purposes. EVRAZ said “It notes recent press speculations regarding supply of materials for Russian military. EVRAZ denies the speculations that the Company is or has been supplying products to the Russian military which may have been used for the military purposes. EVRAZ in Russia supplies products to infrastructure and construction sectors for civilian use only.”It added “EVRAZ implemented compliance system in 2014 which screens every customer and identifies red flags. To eliminate sanctions, economic and reputational risks the Company verify the end-users of products and secure their civil use by special clauses in contracts. The Company is not aware of its products being used for military purposes. Suggestions about potential use of EVRAZ’s steel, vanadium and other products for military purposes indicate not only the misunderstanding of steel industry’s base principles, but the lack of knowledge about EVRAZ’s product range as well.”Organized Crime and Corruption Reporting Project claimed that Russian oligarch M Roman Abramovich’s Evraz group of companies supplied Russia’s National Guard and provided steel and explosives products to weapons manufacturers that supply the Russian military. OCCRP said “In fact contracts from Russia’s public procurement website, verified via an independent database of company contracts, show that Evraz’s Russian subsidiaries have directly and indirectly supplied the military for more than a decade. The contracts show they have supplied the National Guard as well as factories that supply the military and produce explosives and tanks. For example, Evraz ZSMK, received over USD 2.8 million between 2015 and 2018 to deliver toluene, an oil and coal product that is used in explosives, from a state-owned factory that produces ammunition and industrial explosives. In 2018, Evraz NTMK provided USD 1.4 million worth of steel to Uralvagonzavod, a Soviet-era factory that makes battle tanks and other transport machinery like freight train cars. In 2016 and 2017, the Evraz subsidiary also supplied the factory with USD 227,000 worth of vanadium slag, which is used to strengthen steel in the manufacture of weapons.”Following Russia’s invasion of Ukraine in February, western governments moved to sanction Russian oligarchs benefitting from their relationships with President Mr Vladimir Putin. Among the most recognizable of these blacklisted businessmen is Mr Roman Abramovich, the fashion-conscious billionaire who became a household name in Europe after he purchased Chelsea Football Club in 2003.
