Russia Petrochemicals Q1 2020
While growth in petrochemicals capacity is certain, the level of value added will be limited. This raises the prospect ofincreasing import dependency in some market segments, particularly in growth areas such as the automotive industry, which is amajor consumer of engineering plastic and rubber products. US and EU sanctions are a major downside risk to Russianpetrochemicals. A major improvement in US-Russia relations looks increasingly unlikely. On the upside, production is growingmodestly and at a higher rate than many EU states, while capacity is expanding with Russia banking on exports to Asia to sustaingrowth.
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