Support The Moscow Times!
Contribute today

MMK Has 2nd Turkish Plant

By The Moscow Times

Magnitogorsk Iron & Steel's Turkish venture MMK-Atakas Sirketler Grubu will open a galvanizing and coating plant in Dilovasi, northwestern Turkey, on July 15, aiming for more than 800,000 tons of annual output and $750 million of sales, according to a statement Monday.

Magnitogorsk, owned by Viktor Rashnikov, opened a $2.1 billion steel plant in Iskenderun in southern Turkey with local partner Atakas in March. It expects to sell $2.5 billion of hot-rolled coils next year from the Iskenderun plant, Cem Ustun, sales manager for MMK-Atakas, said May 10.

(Bloomberg)

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue

Read more

tanks and humvees

In Photos: Russia Shows Off Captured Western Military Hardware at Moscow Expo

The showcase features 32 pieces of heavy equipment, including American and German-made battle tanks.
1 Min read
daily briefing

Russia Says Carried Out Strike on Ukraine’s Southern Command Center

Ukraine’s Operational Command South is based in the port city of Odesa, where authorities reported a deadly Russian missile attack early Wednesday.
1 Min read
'various efforts'

Japan Tobacco Adjusts Supply Chains to Keep Russian Business, CEO Says

Masamichi Terabatake said his company is working carefully to not run afoul of sanctions, but added that “otherwise, it’s business as usual.”
2 Min read
'foreign influence' bill

EU Condemns Georgia After Police Clash With Protestors in Tbilisi

"Georgia is an EU candidate country, I call on its authorities to ensure the right to peaceful assembly," EU foreign policy chief Josep Borrell said.
3 Min read