Report: EU industry group suggests no sanctions on RUSAL

MOSCOW, Jul 14 (PRIME) -- Europe's aluminum industry group has sent a letter to members detailing the implications of possible E.U. sanctions on Russian aluminum, urging that any such measures should not specifically target major producer RUSAL, Reuters reported on Friday.

The letter seen by Reuters said members of the European Aluminium trade group had discussed the possibility of "actively calling for E.U. sanctions on Russian aluminum", but not on RUSAL.

"Due to its strategic importance on the global aluminum market, European Aluminium recommends avoiding that E.U. sanctions would target RUSAL (the main Russian aluminum producer) as a company," the association said.

European Aluminium did not immediately reply to emails and phone calls requesting comment. The letter was dated July 2023, but it was not clear exactly when it was sent.

The letter also refers to "the possible imposition of restrictive measures on Russian aluminum in the framework of the E.U. Common Foreign Security Policy".

The European Union has so far imposed only very limited sanctions on aluminum products from Russia over its operation in Ukraine.

End