The decision had been made in view of the continuing Russia’s invasion of Ukraine and new European Union’s (EU) sanctions against Russia, LTG said on Friday. Russian oligarch Alisher Usmanov, a major shareholder of Metalloinvest, was added to the EU sanction list last week.
LTG Cargo, the freight subsidiary of LTG, does not have any direct freight transportation contracts with Metalloinvest and the products of the Russian group’s companies have until now been transported by rail in Lithuania via freight forwarders.
Meanwhile, LTG also said it would assess potential links between its other customers and the persons sanctioned by the EU and, if such links were to be found, to stop transportation of such cargoes.
LTG Cargo transported more than 1 million tons of Metalloinvest’s products last year.