Five Russia-bound containers from Indiaâs Jindal Stainless Ltd (JSL) have been stuck at the Belgian port of Antwerp for around a year, unable to enter the European Union, the company said on Friday.
âThe containers are carrying around 100 metric tonnes of stainless steel,â a company spokesperson said.
The containers were sent in February 2022 for shipment via Antwerp, but were held up because of EU sanctions imposed on Russia after it invaded Ukraine the same month.
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JSLâs spokesperson said the stainless steel was not among the goods on the EUâs sanctions list, and should be cleared for onward transport. The Antwerp-Bruges port authority did not immediately respond to a request for comment.
JSL expects its exports to reach a five-year high in the next fiscal year, buoyed by increased shipments to Russia and planned entries into markets in South America and the Middle East, JSLâs managing director told Reuters last month.
Source: Reuters (Reporting by Mohi Narayan and Neha Arora in New Delhi; Additional reporting by Jonathan Saul in London; Editing by Kevin Liffey)
