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Europe imposes sanctions against Russian aluminum

Jul 15, 2023

European aluminum industry group European Aluminum is considering lobbying for European Union sanctions on Russian aluminum but against direct sanctions on the country's largest producer, Rusal.


Source: Reuters citing a document sent to group members

The head of European Aluminum said the trade group had prepared an internal memorandum for planning purposes and was not aware of any EU sanctions already agreed. The European Commission declined to comment.

The document, dated July 2023 and obtained by Reuters, said members of European Aluminum discussed the possibility of "actively calling for EU sanctions on Russian aluminum."

However, taking into account the scale of Rusal's activities, sanctions against it are problematic.

"Therefore, European Aluminum recommends avoiding EU sanctions targeting Rusal as a company," the association said.

Author - Serhii Kolomiets, 15/07/2023

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