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:2024-05-07 14:50:37 source:Universal Unfoldings 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
  • Pamela Anderson goes make
  • Spotlight: U.S. authorities tell int'l students to leave U.S. if universities go online
  • Storied apparel retailer Brooks Brothers files for bankruptcy amid pandemic
  • Top of Eiffel Tower reopens to public
  • Los Angeles hotel famous for Pretty Woman goes Back To The Future
  • Peng Liyuan Visits Vietnam National University, Hanoi
  • U.S. gov't rescinds controversial rule on int'l students: federal judge
  • China, Arab countries agree to enhance cooperation
Recommended content
  • Neighbour leaves furious 94
  • Chinese Vice Foreign Minister Ma Zhaoxu to attend G20 meeting: spokesperson
  • Xinhua Headlines: China, Vietnam Lift Ties to New Stage, Aiming for Shared Future
  • Serbian president receives injection of Chinese COVID
  • Russian journalist arrested for years
  • Chinese FM Wang Yi's visit to Spain highlights bright prospects for open cooperation: spokesperson