Finance

Kremlin says EU sanctions on Russian aluminium would risk destabilising a 'fragile' global market

Published by Global Banking & Finance Review

Posted on January 15, 2025

1 min read

· Last updated: January 27, 2026

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Kremlin spokesperson discusses EU sanctions on Russian aluminium - Global Banking & Finance Review
The image illustrates Kremlin spokesperson Dmitry Peskov addressing concerns over EU sanctions on Russian aluminium imports, highlighting risks to the fragile global market amid ongoing tensions related to the Ukraine war.
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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

EU Sanctions on Russian Aluminium Risk Market Destabilization

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)

Key Takeaways

  • EU plans to propose a ban on Russian aluminium imports.
  • Kremlin warns of potential global market destabilization.
  • Rusal, a major aluminium producer, has not commented.
  • The market is described as 'fragile' by the Kremlin.
  • Sanctions are part of the EU's response to the Ukraine conflict.

Frequently Asked Questions

What is the main topic?
The article discusses potential EU sanctions on Russian aluminium and their impact on the global market.
What is the Kremlin's stance?
The Kremlin warns that such sanctions could destabilize the fragile global aluminium market.
Who is Rusal?
Rusal is the world's largest aluminium producer outside China and is affected by the proposed sanctions.

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