By Mohi Narayan and Neha Arora
NEW DELHI, March 24 (Reuters) – Five containers bound for Russia by India’s Jindal Stainless Ltd (JSL) JIST.NS have been stuck in the Belgian port of Antwerp for around a year and unable to enter the European Union, the company said with Friday.
“The containers carry around 100 tons of stainless steel,” said a company spokesman.
The containers were sent for shipment via Antwerp in February 2022 but were held up due to EU sanctions imposed on Russia after it invaded Ukraine that same month.
JSL’s spokesman said the stainless steel was not on the EU’s sanctions list and should be cleared for onward transport.
The Antwerp-Bruges Port Authority referred the matter to the Belgian Federal Customs Service, which did not immediately respond to a request for comment.
JSL expects its exports to hit a five-year high in the next fiscal year, supported by increased shipments to Russia and planned market entries in South America and the Middle East, JSL’s chief executive told Reuters last month.
(Reporting by Mohi Narayan and Neha Arora in New Delhi; Additional reporting by Jonathan Saul in London; Editing by Kevin Liffey and Grant McCool)
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