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SIBUR has plans to challenge the British sanctions, Kommersant writes. The company called the restrictions unfounded, and pointed out that they deal with the production of synthetic materials, not mining in the energy sector. SIBUR does not expect the measures to affect the sustainability of the business, but admits difficulties with settlements, transport insurance and working with foreign counterparties. Depending on the holding, the trial may last several years.

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SIBUR has plans to challenge the British sanctions, Kommersant writes. The company called the restrictions unfounded, and pointed out that they deal with the production of synthetic materials, not mining in the energy sector. SIBUR does not expect the measures to affect the sustainability of the business, but admits difficulties with settlements, transport insurance and working with foreign counterparties. Depending on the holding, the trial may last several years.

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