NewsPrimary ALIndustry Group presses EU to address the sanctions gap on major aluminium products from Russia
20 MAY 2024AlCircle.com

Industry Group presses EU to address the sanctions gap on major aluminium products from Russia

Edited by : Sarnali Chakraborty
2 min read
Industry Group presses EU to address the sanctions gap on major aluminium products from Russia

European Aluminium, the leading association representing the entire European aluminium value chain, urgently calls on the EU to address the ongoing exclusion of major aluminium product categories from its sanctions regime on Russia. This stark disparity in action is evident when comparing the EU's stance to that of other G7 partners, such as the US, UK, and Canada, all of whom have already implemented sanctions on Russian aluminium ingots.

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Industry Group presses EU to address the sanctions gap on major aluminium products from Russia

European Aluminium emphasises that a comprehensive ban should cover all principal categories of aluminium products—ingots, slabs, and billets. These categories comprise over 85 per cent of the EU's aluminium imports from Russia. Implementing this comprehensive ban is crucial for aligning the EU's actions with those of other G7 partners. A united stance is essential to effectively isolate the Russian regime economically and stop the financing of its aggression.

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