Australia bans exports of aluminum ores in Russia

The Australian government announced on Sunday that it has imposed an immediate ban on exports of alumina and aluminum minerals, including bauxite, to Russia as part of the sanctions. in course against Moscow for the war in Ukraine.

In a joint statement from several ministries, including the Prime Minister’s Office, the Australian government added that Russia relies on Australia for nearly 20% of its alumina needs.

He also said the move would limit Russia’s ability to produce aluminum, which is an important export product for Russia.

“The government will work closely with exporters and unions who will be affected by the ban to find new markets and expand existing ones,” the statement read.

The Anglo-Australian mining company Rio Tinto owns an 80% stake in Queensland Alumina in a joint venture with the Russian Rusal International, the second largest aluminum producer in the world.

Sanctions for Russian businessmen

Last week, Australia imposed sanctions on two Russian businessmen linked to the mining industry, one of whom is billionaire Oleg Deripaska, who owns stakes in Queensland Alumina.

In total, Australia has so far imposed 476 sanctions on 443 people, including businessmen close to Russian President Vladimir Putin, and 33 entities, including most of the Russian banking sector and all entities responsible for the country’s sovereign debt. , the statement states.

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