Putin’s Ukraine Deal Seen Frustrating Russian Steelmakers
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Russian steelmakers may be frustrated by an agreement between President Vladimir Putin and his Ukrainian counterpart Viktor Yanukovych to strengthen ties, according to BCS Financial Group and Deutsche Bank AG.
“Domestic producers may face a little bit of disappointment” because the rapprochement means Ukrainian competitors won’t face limits on shipping steel to Russia, said Kirill Chuyko, head of equity research at BCS in Moscow.