Tata Steel to stop doing business with Russia

Stocks

All of the company’s steel manufacturing sites in India, the UK and the Netherlands have sourced alternative supplies of raw materials to end its dependence on Russia, Tata Steel said.

Reuters

April 20, 2022 / 07:53 PM IST

Source: Reuters

Source: Reuters

Tata Steel will stop doing business with Russia, the Indian steel major said on Wednesday, making it the latest global company to cut ties with the country for invading Ukraine.

“Tata Steel does not have any operations or employees in Russia. We have taken a conscious decision to stop doing business with Russia,” Tata Steel said in a¬†statement.

All of the company’s steel manufacturing sites in India, the UK and the Netherlands have sourced alternative supplies of raw materials to end its dependence on Russia, Tata Steel said.

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