Washington and London on Friday prohibited the London Metal Exchange (LME), Chicago Mercantile Exchange (CME) and other global exchanges from accepting new aluminium, copper and nickel produced by Russia. The two countries also barred the import of the metals into the United States and Britain. The LME, the world's largest and oldest forum for trading metals, and CME have already complied with the new sanctions.
Russian aluminium giant Rusal said on Monday that new sanctions on Russian metals introduced by the United States and Britain will have no impact on its ability to supply aluminium to world markets. Washington and London on Friday prohibited metal-trading exchanges from accepting new aluminium, copper and nickel produced by Russia and barred the import of the metals into the United States and Britain. The London Metal Exchange (LME) on Saturday banned from its system Russian metal produced on or after April 13 to comply with new sanctions.
Russian aluminium giant Rusal said on Monday that new sanctions on Russian metals introduced by the United States and Britain will have no impact on its ability to supply aluminium to world markets. Washington and London on Friday prohibited metal-trading exchanges from accepting new aluminium, copper and nickel produced by Russia and barred the import of the metals into the United States and Britain. The London Metal Exchange (LME) on Saturday banned from its system Russian metal produced on or after April 13 to comply with new sanctions.