Published by Global Banking & Finance Review®
Posted on January 15, 2025
1 min readLast updated: January 27, 2026
The Kremlin warns that EU sanctions on Russian aluminium could destabilize the global market, affecting major producers like Rusal.
MOSCOW (Reuters) - The Kremlin said on Wednesday that European Union sanctions on imports of Russian primary aluminium would risk destabilising an already 'fragile' global market.
Reuters reported on Tuesday that the European Commission intends to propose a ban on imports of Russian primary aluminium in its 16th package of sanctions against Russia over its war in Ukraine.
"We saw the news. It is quite possible to assume that such discussions are going on. The market in this segment is fairly fragile and such decisions could hypothetically lead to the destabilisation of the global market," Kremlin spokesperson Dmitry Peskov told reporters.
Russian aluminium giant Rusal, the world's largest aluminium producer outside China, did not provide an immediate comment.
(Reporting by Dmitry Antonov and Anastasia Lyrchikova; Writing Maxim Rodionov; Editing by Andrew Osborn)
The article discusses potential EU sanctions on Russian aluminium and their impact on the global market.
The Kremlin warns that such sanctions could destabilize the fragile global aluminium market.
Rusal is the world's largest aluminium producer outside China and is affected by the proposed sanctions.
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