The United States of America is considering imposing a 200% duty on aluminum imports from Russia. This was reported on Monday by Bloomberg. A decision could be made as early as this week.
The US authorities considered sanctions against Russian aluminum back in February 2022, but then abandoned this measure. Now, according to Bloomberg, the US wants to introduce an unprecedented duty due to the fact that Russia is dumping on the aluminum market.
The main Russian exporter of aluminum is Rusal, founded by businessman Oleg Deripaska. Before the start of the military invasion of Ukraine, Russian exports accounted for about 10 percent of all aluminum purchased by the United States. After the introduction of international sanctions, the share of Russian aluminum exporters in the US market fell to three percent. It will not be difficult for the American economy to replace them, Bloomberg sources believe.
In the fall of 2022, it was reported that the Joe Biden administration was considering a total ban on aluminum imports from Russia. Three possible scenarios were taken into account: a complete ban on the purchase of Russian aluminum, an increase in purchase tariffs to virtually prohibitive ones, or the imposition of severe sanctions on Rusal as a key exporter.
