In a recent move, the European Commission proposed its 12th package of sanctions against Russia, receiving a cautious welcome from the European Aluminium.
The proposed sanctions target specific aluminium products, such as wires, tubes, pipes, and aluminium foil. While European Aluminium appreciates this initial step, it calls for a more robust and expeditious approach to restrict Russian aluminium imports.
The sanctions, covering only 12 per cent of EU imports of aluminium products from Russia, are considered insufficient by European Aluminium. The association emphasises the need for a more comprehensive scope, including major categories like ingots, slabs, and billets, which constitute over 85 per cent of the EU’s imports from Russia.
Paul Voss, Director General of European Aluminium, urges the European Union to accelerate efforts, stating, "These sanctions are a small first step, but we strongly encourage the European Union to accelerate its efforts and broaden their scope to cover all major product categories."
"The European aluminium industry has already started phasing out Russian aluminium and is willing to accelerate the process. It is a matter of principle and strategic foresight—it’s simply the right thing to do in the current circumstances," adds Paul.
In response to the conflict, the European aluminium industry has proactively reduced its reliance on Russian aluminium. Year-to-date trade data up to August 2023 reveals a substantial 34 per cent decrease in EU aluminium imports from Russia compared to the previous year.
