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The blast furnace 5 of the Port Talbot Steelworks plant of Tata Steel Europe in South Wales, UK. Image: Grubb.
On Wednesday, Indian steel giant, Tata Steel announced that it was cutting all business ties with Russia. This made Tata Steel the latest multi-national company to stop business with Russia following the Russian invasion of Ukraine.

A spokesperson from the company’s European division, Tata Steel Europe, said in a statement that it “does not have any operations or employees in Russia”.

The company added, its steel manufacturing units in India, the United Kingdom and the Netherlands had arranged for raw materials to be sourced from elsewhere ending its dependence on Russia.

With the announcement, Tata Steel became one of the few Indian companies to halt business activities in Russia. Last week, Infosys, India's second largest information technology company announced that it had stopped its operations in Russia.

The Indian Government has not yet condemned the Russian invasion by taking a neutral stand amid pressure from Western countries.






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Sources[edit]
"India's Tata Steel to stop doing business with Russia" — Reuters, April 20, 2022
"'Conscious decision': Indian multinational Tata Steel to stop doing business with Russia amid Ukraine war" — Firstpost, April 20, 2022
Press Release: "Comment from Tata Steel clarifying its business activity with Russia" — Tata Steel Europe, April 20, 2022





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Source: Wikinews