EU targets Russian exports: Aluminium ban and new shipping controls

Published: Feb 24, 2025 09:58
A new set of sanctions against Russia has been agreed upon between the European Union member states, diplomats confirmed on February 19, 2025.

A new set of sanctions against Russia has been agreed upon between the European Union member states, diplomats confirmed on February 19, 2025. However, this latest package, set to be formally adopted by EU foreign ministers on February 24, 2025, aims to sustain pressure on Moscow ahead of the third anniversary of the Russia-Ukraine geopolitical crisis. Among the measures included is a ban on Russian aluminium imports.

Ursula von der Leyen, President of the European Commission, wrote on a social media platform, “The EU is clamping down even harder on circumvention by targeting more vessels in Putin's shadow fleet and imposing new import and export bans."

"We are committed to keep up the pressure on the Kremlin."

The EU has introduced its 16th round of sanctions on Russia. At the same time, U.S. President Donald Trump bypasses Kyiv and its European allies by engaging in direct negotiations with Moscow to end the war in Ukraine.

The new measures not only target Russia's highly profitable aluminium sector but also crack down on the so-called "shadow fleet" used to evade sanctions on Russian oil exports, blacklisting an additional 73 ageing vessels.

Brussels is also set to further isolate Russia by disconnecting 13 more banks from the global SWIFT payment system and banning eight additional Russian media outlets from broadcasting in Europe.

Meanwhile, European officials are scrambling to respond to Trump's unexpected move to engage in talks with Moscow, which could potentially undermine three years of steadfast U.S. support for Kyiv.

Source: https://www.alcircle.com/news/eu-targets-russian-exports-aluminium-ban-and-new-shipping-controls-113364

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Aluminum Alloy Prices Decline as Bulls Lose Momentum, ADC12 Market Stays Cautious
1 hour ago
Aluminum Alloy Prices Decline as Bulls Lose Momentum, ADC12 Market Stays Cautious
Read More
Aluminum Alloy Prices Decline as Bulls Lose Momentum, ADC12 Market Stays Cautious
Aluminum Alloy Prices Decline as Bulls Lose Momentum, ADC12 Market Stays Cautious
[SMM Aluminum Alloy Daily Review] Futures side, the most-traded aluminum alloy 2607 contract opened at 23,145 yuan/mt in the morning session today, reaching an intraday high of 23,200 yuan/mt. Bulls then lost momentum, and prices continued to decline, hitting a low of 22,995 yuan/mt. The midday close was at 22,995 yuan/mt, down 110 yuan/mt or 0.48% from the previous settlement price. Spot side, the ADC12 market overall maintained a wait-and-see stance with stable prices today, with the SMM ADC12 price holding steady from the previous day at 23,700 yuan/mt. Under the two-way tug-of-war between supply and demand, ADC12 prices are expected to move sideways in the short term, with overall market sentiment remaining cautious.
1 hour ago
Bauxite Import and Export: May Guinea Shipment Expected to Drop Amid Loss Pressure
2 hours ago
Bauxite Import and Export: May Guinea Shipment Expected to Drop Amid Loss Pressure
Read More
Bauxite Import and Export: May Guinea Shipment Expected to Drop Amid Loss Pressure
Bauxite Import and Export: May Guinea Shipment Expected to Drop Amid Loss Pressure
2 hours ago
Power Outage in Sumatra Affects Multiple Regions, INALUM Smelter Operations Unaffected
3 hours ago
Power Outage in Sumatra Affects Multiple Regions, INALUM Smelter Operations Unaffected
Read More
Power Outage in Sumatra Affects Multiple Regions, INALUM Smelter Operations Unaffected
Power Outage in Sumatra Affects Multiple Regions, INALUM Smelter Operations Unaffected
[SMM Aluminum Express News] A power disruption in Sumatra linked to a suspected weather-related fault on the 275 kV Muara Bungo–Sungai Rumbai transmission system triggered a cascading outage affecting multiple regions. Authorities have restored 3,431 MW of load and all 176 affected substations. It was confirmed that INALUM aluminum smelter operations in Sumatra were not impacted and continue to operate normally.
3 hours ago
EU targets Russian exports: Aluminium ban and new shipping controls - Shanghai Metals Market (SMM)