Metso Outotec ceases deliveries to Russia

Company says Russia accounts for 10% of its sales in 2021
Metso Outotec ceases deliveries to Russia Metso Outotec ceases deliveries to Russia Metso Outotec ceases deliveries to Russia Metso Outotec ceases deliveries to Russia Metso Outotec ceases deliveries to Russia

One of Metso Outotec's Anode Preparation Machines

Finland-based mining and mineral processing technology supplier Metso Outotec will not deliver any equipment to Russia due to the ongoing war in Ukraine and resulting sanctions against business in Russia.

In an update, the company said while the mining industry is "currently not directly targeted," sanctions against the banking sector and individuals, as well as other restrictions, may have an impact on its customers' Russia-related business.

"Due to the current unclear and changing sanction situation, Metso Outotec has temporarily ceased its deliveries to Russia," the company said.

Metso Outotec noted that its customers in Russia "operate in several mining and metals processing sites" across the country.

It said that sales from Russia represented "approximately 10%" of its annual sales in 2021 and that it does not own production or any material procurement in Russia.