Western’s Opinion Towards Rusal
Oct 24, 2022
Western’s opinion towards Rusal
As we know, Rusal is one of the biggest aluminium manufacturer in the world, its output is around 6% of the total world’s aluminium production.
Because of geopolitical crisis with Ukraine, Russia has been sanctioned by the Western in many aspects. The United States is considering restriction on Russian aluminium imports. The world’s biggest metal trade hub, London Metal Exchange is asking members whether to ban Russian metal from its system.
Comparing to the United States, European industry strongly oppose sanctions against Rusal. Because European has faced serious inflation and econonic downturn.
On October 24, 2022, five European industry associations stated that they had urged European authorities to stave off sanctions, tariffs or boycotts against Russian aluminium. They do not want to see thousands of companies kicked out of business, and developing unemployment.
