Ruifeng New Materials: Listed In Sanctions By European Union (EU), Company Never Supplied Chemical Additives Used In Russian Military Machinery Lubricants
On June 16, Ruifeng New Materials (300910.SZ) announced that the company has been included in the EU's sanctions list against Russia. The EU claims that the company supplies chemical additives for military lubricants used by the Russian military machinery. The company stated that its products are solely for civilian use, has never supplied chemical additives for Russian military machinery lubricants, is not an entity supporting the Russian military-industrial complex, has not participated in military research and development, has proactively ceased business with Russia, and has initiated response measures, cooperating with national authorities to negotiate with the EU. Revenue from the EU region in 2025 is approximately 142 million yuan, accounting for about 4% of total revenue, with a preliminary assessment indicating a relatively small direct impact.
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SK Chemicals Builds Circular Economy Model for Used Banners in Each Region
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