Indian steel giant stops business with Russia
April 23, 2022, 20:40:02 CEST | Wikinews

Saturday, April 23, 2022 



Economy and business

Related articles


23 April 2022: Indian steel giant stops business with Russia
6 April 2022: Mass protests prompt Sri Lankan cabinet to resign
1 April 2022: Indian Prime Minister Modi attends 5th BIMSTEC summit virtually
30 March 2022: India enters second day of a two-day nationwide general strike
14 March 2022: UK clarifies foreign, domestic response to cost of living crisis

Collaborate!

Pillars of Wikinews writing
Writing an article


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.






Have an opinion on this story? Share it!



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





Share this: 

Source: Wikinews
Share this article:
share article on facebook share article on twitter share article on google+ share article on tumblr share article on blogger share article on reddit

Articles that may interest you:


India enters second day of a two-day nationwi...

Wednesday, March 30, 2022  India Related articles 30 March 2022: India enters second d...
Send us your articles and web-novels!
comments powered by Disqus
Most popular


Recently Viewed:


Indian steel giant stops business with Russia

Saturday, April 23, 2022  Economy and business Related articles 23 April 2022: Indian...


Hollywood sign modified to read 'Hollyweed'

The Hollywood sign in Los Angeles, California was modified to read "Hollyweed" on Sunday. Se...


Indonesian security minister Wiranto stabbed

Friday, October 11, 2019  Crime and law Related articles 11 October 2019: Indonesian se...


Vintage plane crashes into road during Shoreham Airs...

Sunday, August 23, 2015  The crashed aircraft, pictured in 2013 during a display. Image...


Kevin Spacey to star in upcoming video game Call of ...

Activision has announced their upcoming first-person shooter code-named "Advanced Warfare" w...

Automotive
Reviews | Technology | Projects & Tuning | Events | Racing
Business & Technology
Business & Economy | Mobile | Internet & Media | Security & Privacy | Gadgets & Tech | Software
Lifestyle
Health, Food & Fitness | Fashion | Gardening | DIY | Homes
Society
Accidents | Crime | Culture | Finance | Politics
Science & Environment
Wildlife | Green | Space
Gaming
Reviews
Society
Accidents | Crime | Culture | Finance | Politics
Travel
MM-iNEWS
Copyright & Privacy | Site Roadmap | Sitemap | Contact
Web Development @ OverHertz Ltd
Ω