The United States and Britain banned the import of aluminum, copper and nickel from Russia and also limited their use on global metals exchanges such as the London Metal Exchange (LME) and the Chicago Mercantile Exchange (CME) and in trading. of derivatives. The restrictive measures will not apply to previously produced raw materials and products, but will only affect batches that will continue after April 13.
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According to the US Treasury, a series of measures introduced in coordination with the United Kingdom involve a ban on imports and restrictions on the stock market to “reduce Russia’s revenue from the export of aluminum, copper and nickel.”
The agency also clarifies that banks are not prohibited from processing, clearing or sending payments involving Russian metals on behalf of non-U.S. persons if the bank acts solely as an intermediary and has no direct relationship with the person providing the covered service. of sanctions.
Author:
Ekaterina Alipova
Source: RB
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