Russia bans imports of Interpipe railway products

9 February 2021

Russia added several railway products to the list of goods banned for imports from Ukraine, according to a Feb. 9 report by Interfax-Ukraine. Wheels, wheelsets and axles, produced in Ukraine by Interpipe (INTHOL), had been added to the list by a Russian government’s act dated Feb. 6, the report said.

 

Dmytro Khoroshun: This development is negative for Interpipe because it might result in a loss of 60 kt per year of railway product sales and a USD 30-40 mln decrease in annual EBITDA, we estimate.

 

However, the company should be able to offset some of the volumes it used to sell to Russia by expanding at other markets, particularly in Europe.

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