Under the ban on placing certain grades of metals exported from the Russian Federation after March 25, 2022.
The London Metal Exchange LME has introduced a ban on placing non-ferrous metals from Russia in its warehouses. We are talking about copper, lead, aluminum and aluminum alloy. This is stated in the LME announcement dated April 1.
It was noted that the decision was made in the framework of sanctions in the UK. According to the restrictions, an additional tariff of 35% was introduced on imports of Russia’s major goods. Including aluminum, vodka and vinegar.
“Following the UK’s announcement of an additional 35% duty on imports of Russian copper, lead, primary aluminum and aluminum alloy, this announcement announces the immediate suspension of the list of grades of metals listed in Appendix 1 in warehouses registered with the LME in the UK, unless the warehouse can verify that the date of export from Russia is before March 25, 2022, ”the LME said in a statement.
It was noted that the ban was introduced on copper of Norilsk Nickel and Uralelectromed, Rusal aluminum produced in Krasnoyarsk, Bratsk, Sayanogorsk, Novokuznetsk and Volgograd, as well as on the plants of Kandalaksha and Boguchansky, aluminum alloy of SEAL and K, Permtsvetmet and Rusal’s Bratsk aluminum plant, as well as lead, produced by Fregat.
We will remind, earlier Britain banned the supply of luxury goods to Russia.
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Source: korrespondent
