Financial Crime Financial Crime

Comment: Sanctions on Russian billionaire, steel giant add pressure on struggling Russian market

By Samuel Rubenfeld
  • 03 Aug 2022 21:21
  • 03 Aug 2022 21:21
The latest US sanctions on a Russian billionaire and his steel firm deepened existing pressure on the company and the country’s market in the key commodity.

Viktor Rashnikov is the majority owner and chairman of Publichnoe Aktsionernoe Obschestvo Magnitogorskiy Metallurgicheskiy Kombinat (MMK), which is one of the world’s largest steel producers, the US

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