Spain has resumed importing Russian
steel and iron after a three-month pause.
Madrid halted purchases
of the metals from the sanction-hit country last December but resumed the
import this April, according to RT.
Since then Spain has bought 21,300 tons of Russian iron and steel worth eight
million euros ($8.57 million).
Spanish imports of Russian aluminum reportedly increased 50 per cent to 13
million euros ($13.9 million), while purchases of titanium nearly doubled to
1.5 million euros ($1.6 million). This comes even as bilateral trade between
Russia and Spain dropped 14 per cent in April to 248 million euros ($265
million), with Russian exports totaling 177.2 million euros ($189 million).
The EU banned imports of Russian iron and steel products in 2022, shortly after
the launch of Moscow’s military campaign against Ukraine. Further restrictions
barred the import of iron or steel products processed in third countries but
containing Russian-origin iron or steel inputs.