Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap The US and UK restrict the trade of Russian !

The US and UK restrict the trade of Russian

Time:2024-04-30 11:52:11 source:Earthly Edition news portal

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.

Related information
  • FDA brings lab tests under federal oversight in bid to improve accuracy and safety
  • Australian teen jailed for school shooting
  • Hundreds of pests caught travelling along Transmission Gully
  • Brittany Mahomes drastically changes her signature blonde locks
  • Sports betting roundup: NBA, NHL playoffs rolling on; NFL rookie of the year odds set
  • The 10 worst movie sequels of all time REVEALED
  • Bayer Leverkusen 2
  • Atletico Madrid star reveals the footballers'
Recommended content
  • Patriots' Christian Barmore agrees to 4
  • The players with the most free
  • Football's ultimate big
  • Scary Movie is back! Franchise will be rebooted 11 years after Scary Movie 5 was released
  • Chinese citizen killed, another wounded in mass stabbing attack at Sydney mall
  • Ange Postecoglou admits he has not watched back Tottenham's humiliating 6