Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top

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

The Biden administration is reportedly considering a total ban on Russian aluminum
Biden administration considers a ban on Russian aluminum - integral to cars, skyscrapers and iPhones - in response to Putin's escalation in Ukraine
And Russian aluminum accounts for about ten percent of all U.S. imports of the metal, which is used in everything from iPhones to automobiles and fighter jets.
At the same time, the Russian economy has continued to perform better than expected despite repeated waves of economic sanctions.
Officials have been mulling a move on Russian aluminum for weeks.
'We're always considering all options. There is no movement on this as of now,' a White House official said in response to the report.
The Treasury Department did not immediately respond to a request for comment from Reuters.
$Aluminum(BK1078.HK)$ $Tesla(TSLA.US)$ $Mullen Automotive(MULN.US)$ $NIO Inc(NIO.US)$ $Apple(AAPL.US)$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
1
2
+0
Translate
Report
31K Views
Comment
Sign in to post a comment
    62Followers
    15Following
    3209Visitors
    Follow