Norilsk Nickel (Nornickel), a Russian nickel and palladium mining and smelting company, said some of its projects that were planned to be completed after 2024 are likely to be delayed by two to three years because its Western partners rejected to supply some equipment.

Since the Russia-Ukraine war in February last year, Nornickel and its products haven’t been directly targeted by Western sanctions against Russia, but the sanctions brought an indirect impact on the company’s operation.

Nornickel expected its nickel and palladium production to decrease in 2023, but and the company planned to sell all its produced metals.