this post was submitted on 20 Jun 2025
8 points (100.0% liked)

Europe

497 readers
353 users here now

Europe community on dbzer0. Intended to be a place to discuss European news, politics, or just general topics from a European perspective. Since this is on dbzer0 expect the community to lean more leftist-anarchist but a wide range of views are accepted here (within reason).

Rules:

1. No Bigotry or Hate SpeechAny forms of Homophobia, Transphobia, Queerphobia, Racism, or Ableism will be met with swift and harsh action and will not be tolerated here whatsoever. Bigots will be banned immediately on-sight. This includes apologia of it. Trying to be politely or intellectually bigoted i.e. "Just asking questions" won't be tolerated.

2. No ZionismAny forms of Zionism or Zionist rhetoric will not be tolerated here, this includes Zionist apologia, accusations of antisemitism towards anti-Zionists, or blatant denial or downplaying of the genocide towards Palestinians. Any attempt to uphold or prop up the IHRA definition of antisemitism, will be treated as Zionism. Anyone engaging in Pro-Zionist sentiment or apologia will be actioned in accordance with its severity.

Note: Trying to find loopholes or whataboutery to see what is or isn't genocide denial or Zionism will be treated as a violation of this rule. Don't test us.

3. Stay CivilPlease maintain civil discourse in the community. Do not engage in arguments with others, name-calling, or insults. Note that calling out bigotry or Zionism is not considered an insult. In heated arguments users are encouraged to or even required to disengage failure to do so will result in mod action.

4. No MisinformationSpreading of misinformation intentionally in this community is unacceptable and will not be tolerated. Spreading misinformation hurts the credibility of the community and can mislead people sometimes in dangerous ways. Users who intentionally post misinformation as articles, comment answers, or in attempt to win arguments will be actioned swiftly.

Note: This includes Russian and Chinese propaganda. Users with a history of such posting will be banned on sight.

5. No AI ContentPlease do not post articles or content primarily created using generative AI. Generative AI content may contain misinformation or be lower quality and thus is discouraged. Posts and comments featuring it will be removed. However this community does not allow or tolerate Anti-AI trolling or hostility and users who engage in such behavior will be actioned for it, additionally Anti-AI trolling violates Rule 3 and often Rule 4 so it is generally unacceptable already.


Note: Rules 1 & 2 may be subject to preemptive mod action due to their severity, and they apply to a user's entire post history. Not just this community.

founded 3 months ago
MODERATORS
 

cross-posted from: https://lemmy.sdf.org/post/37083862

Archived

The head of one of Russia’s largest steel producers has warned of imminent production cuts and plant closures in the country’s steel industry as a strengthening ruble and high interest rates choke off demand and profitability.

The steel industry, which employs more than 600,000 workers and accounts for roughly 10% of Russia’s export revenues, has long been a pillar of the nation’s heavy industry.

Speaking at the St. Petersburg International Economic Forum on Thursday, Severstal CEO Alexander Shevelev said the industry could be unable to sell up to 6 million metric tons of steel this year, nearly 10% of last year’s total output.

The current forecast for domestic steel consumption predicts that demand could fall from 43-45 million tons to just 39 million tons this year, he said.

“That’s effectively the disappearance of an entire industry’s worth of demand,” Shevelev said.

At the same time, exporting steel has become unprofitable due to the sharp appreciation of the ruble.

“The industry … today is practically unable to export metal products, because it is economically unviable,” Shevelev said.

[...]

Meanwhile, Economy Minister Maxim Reshetnikov warned Thursday that Russia's economy is teetering on the "brink of recession", casting a downbeat tone over the annual St. Petersburg International Economic Forum (SPIEF), a key event aimed at attracting investment to the country.

Speaking on the second day of the forum, Reshetnikov said "current business sentiment and indicators" point to a looming downturn.

"Overall, I think we are on the brink of a recession," he told journalists. "Everything else depends on our decisions," he added, urging Russia's Central Bank to show "a little love for the economy."

Russia's economy has been marked by volatility since it launched its full-scale invasion of Ukraine in February 2022, with growth now slowing after a period when record defense spending led to "overheating."

[...]

no comments (yet)
sorted by: hot top controversial new old
there doesn't seem to be anything here