The US and UK imposed new restrictions on trading Russian aluminum, copper and nickel that will reverberate across global metal markets, in the latest bid to curb President Vladimir Putins ability to fund his war machine.
The rules prohibit delivery of new supplies from Russia to the London Metal Exchange where the global benchmark prices are set as well as to the Chicago Mercantile Exchange. The restrictions apply to copper, nickel and aluminum produced on or after April 13, and the US is also banning Russian imports of all three metals.
Continued here:
US Imposes Sanctions on Use of Russian Metals on Exchanges - Bloomberg
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