NLMK
NLMK (Novolipetsk Steel) is one of the largest steel producers in Russia, headquartered in Lipetsk. It is part of the NLMK Group controlled by billionaire Vladimir Lisin. The company specializes in flat steel products and serves both domestic and export markets. Following the events of 2022, the company and its owner were placed under sanctions by several Western countries.
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EU drops Usmanov and Fridman from sanctions list; Ukraine proposes adding Lisin and Potanin
On 22 September, the EU Council extended Ukraine-related restrictive measures against nearly 3,000 persons for an unprecedented 36 months, but the package also removed Russian oligarchs Alisher Usmanov and Mikhail Fridman from the list. Ukraine called the move shameful and unjustified and said it would propose adding two other Russian billionaires — Vladimir Lisin (NLMK) and Vladimir Potanin (Nornickel) — to the next sanctions round. Latvia announced national sanctions against Usmanov and Fridman after lifting its veto on their EU delisting.