EU Adds Ruifeng New Materials to Russia Sanctions List; 2025 EU Revenue Impact $19.6M

According to an official statement, Ruifeng New Materials was added to the EU's sanctions list against Russia, with the bloc alleging the company supplied chemical additives for Russian military lubricants. The company denied military involvement, stating its products are for civilian use only and has already halted business with Russia. In 2025, the EU region accounted for approximately 142 million yuan (roughly $19.6 million) in revenue, representing about 4% of total sales, with the company assessing the direct impact as limited.
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