PAO Severstal (Alexei Mordashov/Capital Group of Companies controlled, Mordashov 77%+ via Severgroup) has faced sustained US OFAC, EU Council, UK OFSI sanctions enforcement following the February-March 2022 US/EU/UK sanctions against Alexei Mordashov (one of the first oligarchs sanctioned post-Russian invasion of Ukraine) and the historic March 2022 EU Council Mordashov asset freezes affecting Severstal's European customer relationships and Russian state-affiliated institutional governance complexity.