All Tata Steel plants in India, Britain and the Netherlands have secured alternative supplies of raw materials to end their dependence on Russia, the company said, according to Reuters.
Tata Steel will stop trading with Russia due to the Russian invasion of Ukraine. Referring to the statement of the largest Indian steel producer in terms of sales, Reuters reported. The company imports coal from Russia to produce steel.
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Russian troops have occupied 42 municipalities in the Donetsk region in eastern Ukraine today, but defending Ukrainian forces can recapture them, an adviser to the head of Ukraine’s presidential office said on television. Russia launched a new major offensive this week in the east of the invaded country. “During the 57 days of the war, we liberated about 1,000 villages occupied by Russia. But the number of occupied cities and towns is much higher, “warned Ukrainian President Volodymyr Zelensky, according to RBK-Ukraine.
“Tata Steel has no operations or employees in Russia. We have consciously decided to stop trading with Russia, “said the company. All Tata Steel plants in India, Britain and the Netherlands have secured alternative raw material supplies to end their dependence on Russia, the company said.
Tata Steel is one of a handful of Indian companies that have stopped trading with Moscow. Infosys, India’s number two software services company, ended its activities in Russia last week.
India has not yet condemned the Russian invasion and has not joined the sanctions of the West, unlike Japan or South Korea.
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