Italian Danieli Finally Ceases Its Activities Russia

Danieli Group, an Italian supplier of equipment and physical plants to the metal industry, has finally made the decision to leave the Russian market. Last year, the company was among the first to receive the "International War Sponsors" status from the NAPC (National Agency on Corruption Prevention of Ukraine).

The news is reported by the Italian publication Siderweb.

Chairman & C.E.O. of Danieli, Gianpietro Benedetti, said in a comment to the publication that the evolution of geopolitical scenarios has led them to the understanding that commercial relations and presence in the Russian market in its current state is no longer possible.