If Russian metallurgists are subject to sanctions imposed by the United States and the European Union against Russia, they will seek access to Asian markets.
Vladimir Potanin, CEO of Norilsk Nickel, said that “His company does not exclude an increase in nickel and palladium supplies to China and Japan. Norilsk Nickel is also considering measures to protect the company from possible sanctions from the US and the EU. there is a large volume of transactions in the Chinese market, but the main payment currencies are the dollar and the euro. In principle, no one bothers to conduct transactions in these currencies, which can be converted into yuan for deliveries to China. We decided to investigate this issue, see how it will be function ".
Andrey Varichev, who is the CEO of Metalloinvest, said that “taking into account the potential of Russian Railways, Metalloinvest’s logistics ties allow it to deliver part of its products to the markets of the Far East, including China, but the target market for Metalloinvest will always remain Russia ".
