Sanctions Against Russia Slipping: UK Follows Trump's Lead & Allows Rusal Back Into The Market

The London Metal Exchange (LME) said on Monday it had lifted a temporary suspension, with immediate effect, on storing metal produced by aluminium producer Rusal, formally (and possibly still) controlled by Putin's top ally oligarch Oleg Deripaska, after the United States formally lifted sanctions against the Russian firm, Reuters reports.

“For the avoidance of doubt, this means that all Rusal metal can be placed (in LME-approved facilities) on warrant,” the exchange said in a notice to members, warehouse companies and their London agents.

Read also: Trump Administration Fails To Implement Sanctions Against Russia.

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Gary Cartwright

Gary Cartwright

Gary Cartwright is publishing editor of EU Today. 

An experienced journalist and published author, he specialises in environment, energy, and defence.

He also has more than 10 years experience of working as a staff member in the EU institutions, working with political groups and MEPs in various policy areas.

Gary's latest book WANTED MAN: THE STORY OF MUKHTAR ABLYAZOV: A Manual for Criminals on How to Avoid Punishment in the EU is currently available from Amazon 

https://www.amazon.co.uk/WANTE...

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