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White House Weighs Ban on Russian Aluminum Over Ukraine War Escalation

  • Crucial consumer metal was shielded from earlier US sanctions
  • Move could force key industries into rush for replacements
Bloomberg business news
LME Starts Discussing Ban of Russian Metals
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The Biden administration is considering a complete ban on Russian aluminum -- long shielded from sanctions due to its importance in everything from automobiles and skyscrapers to iPhones -- in response to Russia’s military escalation in Ukraine.

The White House is eyeing three options: an outright ban, increasing tariffs to levels so punitive they would impose an effective ban, or sanctioning the company that produces the nation’s metal, United Co. Rusal International PJSC, according to people familiar with the decision-making.