IFC SAYS INVESTMENT IN RUSSIAN STEEL-MAKING WOULD PAY DIVIDENDS
September 1st, 2010
BY KEITH NUTHALL
INVESTMENT and introducing good practice in the Russian steelmaking sector so it matches European Union (EU) standards in natural resources consumption could save the industry up to US dollar USD3.3 billion annually, a World Bank group report has claimed. Its International Finance Corporation - IFC (the bank's private sector lending arm) says this would also enable Russian steelmakers to reduce annual carbon dioxide emission by 4.5 million tons.
It is the IFC's first Russian cross-sector benchmarking study, called 'Resource Efficiency of the ...
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