The US and UK restrict the trade of Russian
Time:2024-05-07 18:57:02 Source:worldViews(143)
WASHINGTON (AP) — The U.S. and U.K. will begin restricting the trade of new Russian-origin metals — including aluminum, copper and nickel — on global metal exchanges and in derivatives trading.
The announcement is meant to follow up on the Group of Seven nations’ commitment in February “to reduce Russia’s revenues from metals” as its invasion into Ukraine has dragged on for more than two years.
Russia is a key exporter of metals like aluminum, steel and titanium — but British and American officials, who spoke on the condition of anonymity to preview the announcement, said the economic impact from the ban would be negligible for consumers and producers.
The intent is to limit Russia’s revenues from metals, they say, as metals have earned the nation $40 billion in the past two years, according to British officials.
“Our new prohibitions on key metals, in coordination with our partners in the United Kingdom, will continue to target the revenue Russia can earn to continue its brutal war against Ukraine,” said Treasury Secretary Janet Yellen in a news release.
Previous:NBC will stick with dual announcers and analysts for the US Open
Next:Kim Kardashian is relentlessly BOOED by the crowd at Tom Brady roast in her hometown of Los Angeles
You may also like
- Olivia Newton
- The EU will probe whether China is unfairly denying companies access to its medical devices market
- Catch the Oklahoma Smurf! Bizarre surveillance footage shows blue
- Complex stories of migration are among the finalists for the Women's Prize for Fiction
- Revealed: Bernard Hill's touching seven
- Alabama lawmakers advance bill to ensure Biden is on the state's ballot
- Vanessa Hudgens the Coachella queen explains why she skipped the festival this year
- London police catch two horses on the loose. Many more are believed to be on the run
- Danish King Frederik and his Australian