US to impose 200 percent tariff on aluminum imported from Russia

In the statement made by the White House, it was reported that the USA is going to regulate tariffs for aluminum imports.

In the statement, it was noted that Russia’s aluminum industry is an important part of the country’s defense industry and plays an important role in the supply of weapons and ammunition used in the war.

Pointing out that the war started by Russia in Ukraine caused direct damage to the US aluminum industry by causing global energy prices to rise, it was stated that 200 percent tariffs will be applied to Russian aluminum products and derivatives as of March 10.

In the statement, it was stated that as of April 10, 200 percent tariff will be applied to the imports of primary aluminum and aluminum melted or cast in Russia.

Sanctions from the US Treasury Department on Russia’s mining sector

On the other hand, the US Treasury Department announced new sanctions against Russia in the first year of the Russia-Ukraine War.

In the statement made by the ministry, it was reported that while Russia’s mining and metal sectors were targeted, 22 people and 83 organizations were added to the sanctions list.

In the statement, which stated that with the said sanctions, Russia will be more isolated from the global economy, it was stated that a new decision was announced by the Foreign Assets Control Office (OFAC) that allows the imposition of sanctions on persons or organizations operating in Russia’s metal and mining sector.

In the statement, it was noted that 4 companies operating in the mining and metal sector, including TPZ-Rondol, a subsidiary of one of Russia’s leading ammunition manufacturers, are on the sanction list.

In the statement, which stated that Russian financial institutions are also the target of sanctions, it was stated that among the financial institutions that were sanctioned was the Moscow-based Credit Bank, which was completely blocked by the European Union (EU) last year.

In the statement, it was noted that the US Treasury Department also sanctioned some individuals and organizations for their role in Russia’s efforts to avoid sanctions.

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