US is considering complete ban on import of russian aluminum — media
US President Joe Biden's administration is considering a complete ban on the import of russian aluminum in response to russia's military escalation in Ukraine.
This is reported by Bloomberg.
According to interlocutors, the White House is considering three options: an outright ban, an increase in tariffs to a level so high that they could be equivalent to a ban, or sanctions against russian oligarch Oleg Deripaska's manufacturing company Rusal.
Such a move would have far-reaching implications for the global aluminum market, potentially sending consumers in the US and elsewhere scrambling to find a replacement metal.
russia, after China, is the world's second-largest producer of aluminum, which is crucial for most heavy industries.
In the US alone, russian supplies traditionally account for about 10% of total aluminum imports, and data show that russia was the third largest exporter to the US in August.
The ban is being considered in response to russian missile attacks on Kyiv and other Ukrainian cities this week that damaged key infrastructure and civilian targets.
