ArcelorMittal opposes Western sanctions against Russia


  • World
  • Friday, 16 May 2014

Coils of steel are seen at the ArcelorMittal Factory in Florange, Eastern France, October 18, 2013. REUTERS/Vincent Kessler

BRUSSELS (Reuters) - ArcelorMittal, the world's largest steelmaker, said on Thursday it opposed sanctions and that the EU steel industry was lobbying the European Union not to intensify measures against Russia over its actions in neighbouring Ukraine.

The West has to date focused on individuals and a handful of companies in protest over Russia's annexation of Ukraine's Crimean peninsular, but has threatened to target key sectors such as mining and gas if the Kremlin disrupts Ukrainian elections later this month.

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