Russia will limit the supply of metals from countries that supported sanctions

Russia will limit the supply of metallurgical products from countries that supported US sanctions against Russian metallurgists. According to Interfax, this said Deputy Prime Minister Arkady Dvorkovich. This will affect those positions that are not fundamental to the production process and have analogues in the domestic market.

“Of course, we will do everything so that domestic production does not decrease, but grew. We will, including for this, apply individual restrictive measures in relation to those countries that have introduced sanctions against us to reduce supply from them, if we do not need them, if we have our own capacities, increase production at our capacities, naturally. But the work is going on now, each specific product is analyzed, literally each specific position, we look at what to do, ”said Dvorkovich.

On the eve of the price of aluminum on the London Metal Exchange (LME), they jumped to the maximum mark since March 2012 at fears of supply reduction after the imposition of sanctions against Rusal.

Earlier it became known that the Swiss company Glencore will not be able to fulfill the obligations to supply 50 thousand metric tons of aluminum of Russian origin. Glencore is a major buyer of aluminum at Rusal. The Glencore CEO Awan Glazenberg, the trader, also refused the exchange of the share in UC Rusal for the EN+Global depository receipt,

On April 9, LME introduced temporary restrictions on the trade in aluminum "Rusala".

On April 6, after the announcement of the new US sanctions, the Rusal shares fell 12.2%. The capitalization of the company has suffered more than others from the expansion of sanctions.

Oleg Deripaska and his main assets EN+ and Rusal are included in the “black list” of the US Ministry of Finance. Another major shareholder of Rusala, Victor Vekselberg, fell under the sanctions.