【半岛电视台非洲·非洲】Indian firm building $15bn Trump-announced steel mill has deep Ru…

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Indian firm building $15bn Trump-announced steel mill has deep Russia ties



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xwhatsapp-strokecopylinkgoogleAdd Al Jazeera on GoogleinfoUS President Donald Trump speaks with Rewant Ruia, left, chairman of Mesabi Metallics, and Ravi Ruia, second left, board member of Mesabi Metallics and director of Essar Capital, while making an announcement in the Oval Office at the White House on September 28, 2026 in Washington, DC [Kevin Dietsch/Getty Images]By Yashraj Sharma and Charu Sudan KasturiPublished On 29 Sep 202629 Sep 2026As US President Donald Trump announced a $15bn steel

Ravi Ruia is a cofounder of the Essar Group, which owns Mesabi Metallics, the Minnesota-based firm that’s building the steel mill, which is expected to be the United States’s largest once it is complete. A decade earlier, in October 2016, his brother Shashi was in the photo frame with a different president during the signing of another major deal: Russian leader Vladimir Putin.

Steel and metallics aren’t Essar’s only association with minerals and natural resources. The conglomerate had been involved for years with oil, before it sold one of India’s largest private oil refineries to a Russian-led consortium in 2016 for nearly $13bn. Essar Oil was rebranded as Nayara Energy.

Today, Nayara Energy is half-owned by Russian gas major Rosneft, which is under heavy US and European sanctions over Moscow’s war on Ukraine. Nayara has also emerged as a supplier of petroleum products to Russia at a time when the country is facing a fuel crisis following multiple Ukrainian attacks on its oil and gas depots.

And as part of a 99-year deal, Nayara is continuing to use Essar’s branding in India, where the company runs thousands of petrol stations. Nayara is under European Union sanctions.

The White House is touting the Iowa steel project, unveiled just before the US midterm elections, as a major economic win for Americans, promising hundreds of jobs and billions of dollars in revenue. And there is no evidence that the steel project is in violation of any Russia-specific US sanctions.

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来源：Al Jazeera Africa (https://www.aljazeera.com/africa/)
原文链接：https://www.aljazeera.com/news/2026/9/29/indian-firm-building-15bn-trump-announced-steel-mill-has-deep-russia-ties?traffic_source=rss
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