Metso Outotec stops delivery of machines to Russia

Recycling equipment producers are seeing the impact of the war in Ukraine on their business following major EU and US sanctions against Russia.

Among the companies affected is Metso Outotec. Due to the current ‘unclear and changing’ situation on sanctions, Metso Outotec says it has temporarily ceased its deliveries to Russia.

‘While the mining industry is currently not directly targeted by the sanctions, sanctions against the banking sector and individuals as well as other restrictions may have an impact on Metso Outotec and our customers’ Russia-related businesses,’ it says.

Metso Outotec’s customers in Russia operate in several mining and metals processing sites, including scrap-shredding operations across the country. ‘Sales from Russia represented approximately 10% of Metso Outotec’s annual sales in 2021,’ the company states.

Metso Outotec does not have any production facilities in Russia or any material procurement in the country.