UPDATE 1-US takes action targeting Russian aluminum, copper and nickel [Yahoo! Finance]
HONG KONG EX&CL UNSP/ADR (HKXCY)
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Source: Yahoo! Finance
from accepting new aluminum, copper and nickel produced by Russia and barred the import of the metals to the U.S. The Treasury Department action, aimed at disrupting Russian export revenue from the metals, comes as Washington has sought to punish Moscow for its invasion of Ukraine, which has killed or wounded tens of thousands and reduced cities to rubble. Russia is a major producer of aluminum, copper and nickel. The Treasury Department said Friday's action would prohibit the London Metal Exchange and Chicago Mercantile Exchange from accepting new Russian production of aluminum, copper, and nickel. "Metal exchanges provide a central role in facilitating the trading of industrial metals around the globe," the department said in a statement. Available aluminum stocks in London Metal Exchange-registered warehouses were 91% of Russian origin in March, unchanged from the previous month, LME data showed on Wednesday. The high share of Russian-origin metal in LME inventories has
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News
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- Global banking regulators target mismanagement in handling risks from clients [Yahoo! Finance]Yahoo! Finance
- Global banking regulators target mismanagement in handling risks from clients [Reuters]Reuters