long period of high key interest rates set by the #Central_Bank

"A shortage of financing could, in the long term, turn industrial enterprises into a heap of rusty metal," #Shevelev warned. He said steelmakers are facing a sharp decline in demand, and the greatest risk posed by the current crisis is a complete halt to development.

According to #Rosstat, last year, #Russian metallurgy reduced output by 1.5% despite demand from defence plants, and this year, the decline has accelerated into a