American workers receiving support from Russian government

Will Kremlin Bail Out an Oregon Steel Plant?

The key point from the linked piece is that “As it accepts government support, Evraz has cut steel production at home more sharply than abroad, raising questions whether Moscow protects oligarchs at the expense of Russian workers”, and “Evraz Group, Russia’s largest steelmaker, is struggling with enormous foreign debt resulting from almost $8 billion in acquisitions abroad. Russia’s state bailout agency, chaired by Putin, has loaned Evraz $1.8 billion to refinance its foreign debts.”

It certainly seems odd, and hasn’t received much attention in US national media outlets.  This is just another strange consequence of global industrial consolidation.


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