Skip to content
Edit post

Politico: EU may sanction Russian aluminum as part of next package

by Vladyslav Kudryk January 23, 2024 2:49 PM 2 min read
A worker uses a tool to move molten aluminum in the electrolysis bath inside the electrolysis shop at the Krasnoyarsk aluminum smelter, operated by United Co. Rusal, in Krasnoyarsk, Russia, on March 2, 2017. (Andrey Rudakov/Bloomberg via Getty Images)
This audio is created with AI assistance

EU members are considering an embargo on Russian aluminum as part of the 13th package of sanctions, Politico reported on Jan. 23, citing unnamed EU diplomats.

Reports emerged last week that the European bloc is reading yet another sanctions package against Russia, imposed in response to the full-scale invasion of Ukraine.

Russian aluminum products are among the goods in focus for the EU’s next sanction package on Russia, Politico said, citing the diplomats.

Previous packages left around 85% of Russian exports of the metal to the EU untouched, according to the trade organization European Aluminium.

A full ban on Russian aluminum will be discussed, according to an unnamed diplomat. Another diplomatic source said that the EU countries are hoping to agree on the package before the two-year anniversary of Russia’s full-scale invasion of Ukraine on Feb. 24.

Sanctioning aluminum will be "yet another way of sanctioning Russian energy" as energy prices constitute up to 40% of the costs of aluminum smelting, said another diplomat.

The metal embargo is being discussed since "all of the big items are already sanctioned" or not available, like nuclear or LNG, said a senior EU diplomat.

Some Eastern EU countries, including Hungary, have opposed sanctions on the Russian nuclear sector. Russia’s Rosatom has been building two new reactors for Hungary.

Many EU countries have opposed Russian liquified natural gas sanctions. However, Poland, Estonia, Latvia, and Lithuania urge an import ban on LNG and aluminum, as well as more sanctions in the aviation sector, Radio Free Europe/Radio Liberty reported.

Finland plans to ban Russian LNG from 2025
Finland plans to ban imports of Russian liquefied natural gas (LNG) from next year, Finnish Environment and Climate Minister Kai Mykkanen told newspaper Helsingin Sanomat on Jan. 5.
Support independent journalism in Ukraine. Join us in this fight.
Freedom can be costly. Both Ukraine and its journalists are paying a high price for their independence. Support independent journalism in its darkest hour. Support us for as little as $1, and it only takes a minute.
visa masterCard americanExpress

News Feed

2:42 AM

US philanthropist pledges $300 million for Ukraine in 2024.

The Howard G. Buffett Foundation has already donated over $500 million in humanitarian assistance to Ukraine since the start of Russia's full-scale invasion. The combined funds exceed the humanitarian aid contributions of the United Kingdom, the Netherlands, and Canada.
Ukraine Daily
News from Ukraine in your inbox
Ukraine news
Please, enter correct email address
9:13 PM

UK will boost humanitarian aid to Ukraine by over $10 million.

"Ukrainians are bravely defending their land against Russia’s brutal invasion, but the past two years of war have had a tragic impact on millions of people across Ukraine. Families have been separated, towns and villages decimated, and vital civilian infrastructure destroyed," said U.K. Foreign Secretary David Cameron in a written statement.
2:30 PM

Russia's Supreme Court head dies in Moscow.

Vyacheslav Lebedev, who was chairman of Russia's Supreme Court since December 1991, died in Moscow on Feb. 23. Russia's judiciary has long been controlled by the Kremlin, with the country's parliament rubber stamping a heap of oppressive legislation, while courts handing out politically motivated sentences.
2:22 PM

Former UK Prime Minister Boris Johnson arrives in Kyiv.

"With their indomitable courage I have no doubt that the Ukrainians will win and expel Putin’s forces – provided we give them the military, political and economic help that they need," Johnson wrote on X, formerly known as Twitter.

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
* indicates required
* indicates required
* indicates required
* indicates required
* indicates required


* indicates required
* indicates required


* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.