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](https://ussnsimg.moomoo.com/1665645391114-70852517-android-org.png/bigmoo)
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.
$Aluminum(BK1078.HK$ $Tesla(TSLA.US$ $Mullen Automotive(MULN.US$ $NIO Inc(NIO.US$ $Apple(AAPL.US$
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.
$Aluminum(BK1078.HK$ $Tesla(TSLA.US$ $Mullen Automotive(MULN.US$ $NIO Inc(NIO.US$ $Apple(AAPL.US$
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