12,702.00 TRY BIST 100 BIST 100
6.41 CNY CNY CNY
51.31 EUR EUR EUR
44.06 USD USD USD
0.12 CNY CNY/EUR CNY/EUR
40.19 TRY Interest Interest
92.57 USD Fossil Oil Fossil Oil
5.90 USD Copper Copper
126.41 USD Silver Silver
100.32 USD Iron Ore Iron Ore
369.00 USD Shipbreaking Scrap Shipbreaking Scrap
7,326.26 TRY Gold (gr) Gold (gr)
104.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

Sanctioned Russian steel discovered on cargo ship seized in Finland

A cargo vessel seized by Finnish authorities over suspected damage to an undersea telecommunications cable was transporting Russian steel subject to European Union sanctions, Finnish Customs said on Thursday.

Sanctioned Russian steel discovered on cargo ship seized in Finland

The vessel, Fitburg, a 132-metre-long cargo ship, was detained on Wednesday while en route from St Petersburg, Russia, to Haifa, Israel. Finnish police also detained the ship’s 14 crew members amid suspicions that the vessel’s anchor damaged a submarine telecommunications cable connecting Helsinki and Tallinn in the Gulf of Finland.

According to Finnish Customs, preliminary findings indicate that the cargo consisted of steel products of Russian origin covered by EU sanctions. The authority carried out an inspection of the ship’s cargo late on Wednesday.

“Based on expert assessments by Finnish Customs, the structural steel in question falls under the EU’s sectoral sanctions,” the agency said in a statement, adding that the import of such sanctioned goods into the EU is prohibited under current sanctions regulations.

Finnish Customs noted that it is continuing to examine the applicability of EU sanctions legislation to the case. The steel cargo remains impounded pending further clarification, and a preliminary inquiry has been launched with a view to initiating a pre-trial investigation into a potential sanctions violation.

Separately, Finnish police confirmed that the damaged cable incident is being investigated as aggravated criminal damage, attempted aggravated criminal damage, and aggravated interference with telecommunications.

The investigation is ongoing.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Koç Group has partnered with the Swedish green steel producer Stegra

Tuesday, March 10, 2026

Türkiye’s flat steel imports from China and South Korea exceed 1.5 million tons in 2025

Tuesday, March 10, 2026

Innotech Steel CEO Bekir Bayın: “Steel producers should act together in global markets.”

Tuesday, March 10, 2026

Primetals Technologies has modernized the electric arc furnace of Çolakoğlu Metalurji

Tuesday, March 10, 2026

Erdemir shares increased after anti-dumping decision

Tuesday, March 10, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now