US and UK Impose New Trade Restrictions on Russian Metals

The measures target aluminum, copper, and nickel, aiming to cut off a major revenue stream for Moscow.

The London Metal Exchange and the Chicago Mercantile Exchange will no longer trade new Russian aluminum, copper, and nickel.
Existing stocks of Russian metals are exempt to prevent market destabilization.
The restrictions are part of a broader effort to reduce Russia's war funding by targeting its largest export commodities after energy.
Officials state the economic impact on global consumers and producers will be minimal.
The sanctions are in line with the G7's February commitment to diminish Russia's metal revenue.