A statement from the Finnish mining and quarrying equipment giant read: "As a result of Russia's military actions against Ukraine, the European Union, the United States and other countries have announced severe sanctions against Russia.
"While the mining industry is currently not directly targeted by the sanctions, sanctions against the banking sector and individuals as well as other restrictions may have an impact on Metso Outotec and our customers' Russia related businesses.
"Due to the current unclear and changing sanction situation, Metso Outotec has temporarily ceased its deliveries to Russia."
Metso Outotec says its Russian customers operate in several mining and metals processing sites across the country. Capital projects are typically long, with deliveries taking place over several years. Sales from Russia represented approximately 10% of Metso Outotec's annual sales in 2021. Metso Outotec does not have production sites in Russia or any material procurement.
