stopped trading with Russia this week, offering a united rebuke of the war on Ukraine. Moscow describes its actions there as a “special operation.”
The announcement from the Anglo-Australian firm comes after a top executive said on Wednesday, March 9, the company was looking for alternative fuel sources for its Mongolian copper operations at Oyu Tolgoi, but did not believe it can stop buying from Russia altogether. The miner owns an 80% stake in Queensland Alumina Ltd in a joint venture with Russia’s Rusal International, the world’s second largest aluminum producer. The company did not comment on how its decision to cut ties with Russian businesses would affect Queensland Alumina dealings with Rusal.
In 2018 Rusal was covered by US sanctions against Russian businessmen and companies. Queensland Alumina was not affected by those sanctions and isn’t affected so far by curbs put in place since the Ukraine invasion began.
Source: News Formal (newsformal.com)
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