Skip to content
Search

Latest Stories

Russia-Ukraine war: Indian company’s containers remain stuck at Antwerp for a year

Russia-Ukraine war: Indian company’s containers remain stuck at Antwerp for a year

A prominent Indian metals company's containers bound for Russia have been stuck at the port of Antwerp for more than a year.

Jindal Stainless Ltd said its five containers carrying about 100 tonnes of stainless steel have been unable to enter the European Union because of sanctions imposed on Russia.

But the company said stainless steel is not on the list of goods sanctioned by the EU.

The cargo was dispatched in February last year - around the time the ongoing Russia-Ukraine military conflict began.

Jindal Stainless, India's largest stainless steel producer having customers in 60 countries, indicated its containers should be cleared for their onward movement.

It, however, did not answer Eastern Eye’s questions as to how the authorities in Belgium have responded to the matter and when it expects clearance for the transit.

The company reported consolidated revenue of £1.72 billion for the first nine months to December 2022, compared to £1.47 bn a year earlier.

More For You

Modi-Trump-Getty

FILE PHOTO: Donald Trump (R) with Narendra Modi in the Oval Office of the White House in Washington, DC, on February 13, 2025. (Photo: Getty Images)

Getty Images

India looks beyond US as trade deal talks stall

INDIA is aggressively seeking trade deals to open markets for exporters and soften the blow of steep US tariffs, as efforts to secure an agreement with Washington remain elusive.

Relations between Washington and New Delhi plummeted in August after president Donald Trump raised tariffs to 50 per cent, a blow that threatens job losses and hurts India's ambition of becoming a manufacturing and export powerhouse.

Keep ReadingShow less