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US and UK impose ban on Russian metal imports

A prohibition has been enforced by both the United States and the United Kingdom regarding the importation of specific metals from Russia into the warehouses of two major exchanges, namely the London Metal Exchange (LME) and the Chicago Stock Exchange (CME).

US and UK impose ban on Russian metal imports

The ban, slated to commence on April 14th, targets shipments containing aluminum, copper, and nickel, as reported by the Russian media outlet Kommersant.

The US Treasury has indicated a possibility of exceptions to the ban under certain circumstances. Although the regulations will be applicable to shipments released post-April 13th, exemptions might be entertained based on specific situations.

According to statistics from the U.S. Census Bureau, there has been a noticeable decline in metal imports from Russia. In 2024, only $105,000 worth of aluminum was imported, a stark contrast to the $612 million figure recorded in 2021. Similarly, copper imports plummeted from $100 million in 2021 to a mere $53,000 by 2023, while nickel imports saw a decline from $158 million to $26 million within the same timeframe.

Anatoly Antonov, the Russian Ambassador to Washington, criticized the U.S. sanctions on copper, nickel, and aluminum, characterizing them as a political maneuver extending beyond a mere "shot in the leg" to encompass "indiscriminate shooting."

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