Biden Administration Considering Sanctions On Russian Aluminum

FILE PHOTO: Aluminium ingots are seen stored at the foundry shop of the Rusal Krasnoyarsk aluminium smelter in Krasnoyarsk, Russia October 3, 2018. REUTERS/Ilya Naymushin

Daily Mail: Biden administration considers a ban on Russian aluminum - integral to cars, skyscrapers and iPhones - in response to Putin's escalation in Ukraine

* Officials say they are considering all options when it comes to Ukraine

* That includes a total ban on Russian aluminium, according to Bloomberg

* It comes after Russia rained down missiles on Ukrainian cities this week

* Meanwhile the Russian economy is doing better than expected amid sanctions

The Biden administration is reportedly considering a total ban on Russian aluminum after Russia stepped up its assault on Ukraine with a storm of missiles directed at civilian targets this week.

The White House is weighing an outright ban, raising tariffs to levels so punishing they would impose an effective ban, or sanctioning United Co Rusal International PJSC, the company that produces Russia's metal, Bloomberg reported, citing unnamed people familiar with the decision-making.

Russia is the world's second biggest producer of the metal.

Read more ....

Update #1: U.S. may block Russian aluminum imports -source -- Reuters

Update #2: White House Weighs Ban on Russian Aluminum Over Ukraine War Escalation -- Bloomberg

WNU Editor: Russia is the second largest producer of aluminum in the world. Expect the cost of cans, cars, buildings, electronics, and God knows what else to explode if the US goes forward with this ban .... Aluminum Spikes 7% After Report of U.S. Ban of Russian Supplies (Reuters).

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