Rusal says new Western sanctions won't hurt its aluminium supply [Reuters]
HONG KONG EX&CL UNSP/ADR (HKXCY)
NASDAQ:AMEX Investor Relations:
hkexgroup.com/investor-relations?sc_lang=en
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Source: Reuters
, opens new tab said on Monday that new sanctions on Russian metals introduced by the United States and Britain will have no impact on its ability to supply aluminium to world markets. Washington and London on Friday prohibited metal-trading exchanges from accepting new aluminium, copper and nickel produced by Russia and barred the import of the metals into the United States and Britain. The London Metal Exchange (LME) on Saturday banned from its system Russian metal produced on or after April 13 to comply with new sanctions. The Kremlin on Monday said it considered the sanctions illegal and a double-edged sword that would hurt the interests of those imposing them. The action is aimed at disrupting Russian export revenue in response to what Moscow calls a "special military operation" in Ukraine. Russia is a major producer of aluminium, copper and nickel. "The announced actions have no impact on Rusal's ability to supply since Rusal's global logistic delivery solutions, access
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