Commodities
US Asks G-7 to Consider Sanctions on Russian Palladium, Titanium
- Possibility floated at meeting of G-7 officials in Washington
- Europe has shown little appetite to target metals it relies on
Palladium ingots.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
The US asked Group of Seven allies to consider sanctions on Russian palladium and titanium, a person familiar with the matter said, as the Biden administration mulls fresh ways to squeeze President Vladimir Putin’s war machine.
Biden administration officials floated the possibility during a meeting of G-7 deputy finance ministers on Tuesday in Washington, according to the person, who asked not to be identified discussing a private discussion. Finance officials from around the world have gathered in the US capital for annual meetings of the International Monetary Fund and the World Bank.