Kazakhstan “ArcelorMittal Temirtau” (“AMT Temirtau”), is a structure steel company ArcelorMittal, broke the contract with LLC “Nik-oil” (the local distributor of “Gazpromneft — lubricants”) because of the sanctions the EU and Ukraine. About it writes “Kommersant”.
In the “AMT Temirtau” decided that the contract with “Gazprom Neft” creates reputational risks for the Director General of the organization Paramita Kalona. The fact that he also heads the Ukrainian “AMT Krivoy Rog”.
In “Gazprom oil” the situation was considered a “misunderstanding”, but noted that the company’s lawyers would study the decision by the Kazakhstan company. According to the source, Russian companies are counting on a speedy resolution of the situation, because it “causes reputational damage to the Russian-Kazakh relations”.
The head of the LLP “Nik-ojjl,” Nicholas Gardner recalled that the company supplies “AMT Temirtau” and its “daughters” lubricants and coolants for eight years. According to him, now he gathers the materials and plans to file a complaint against the company in the national chamber of entrepreneurs of Kazakhstan.
Russian “Gazprom oil” under the sectoral sanctions the US and EU from September 2014. In addition, the company is subject to financial sanctions that prohibit the attraction of long-term financing.