RUSSIAN METAL IMPORT BANS TIGHTENS ALUMINIUM MARKETS, BUT SANCTIONS EXPECTED TO GROW
May 19th, 2024
The global metal packaging industry is assessing the potential impact on aluminium supplies of US, European Union (EU) and British sanctions against imports of Russian aluminium, which continue to be tightened as Moscow intensifies its invasion of Ukraine.
These sanctions are more serious for Russia and its metal producers than they look, writes Russian economist Yevgeny Kogan on his Telegram channel. The US Treasury and the British government on April 13 (2024) banned the London Metal Exchange (LME) and Chicago Mercantile Exchange (CME), from accepting new ...
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