German Industry Sounds Alarm That Rusal Sanctions Pain Is Coming
Germany is raising the first signs of alarm that U.S. sanctions against a major aluminum producer will hurt manufacturers outside of Russia.
Politicians need to take quick action to avoid an economic crisis, according to a report from Germany’s WirtschaftsVereinigung Metalle, a lobbying group for 655 metals companies. Under the sanctions against United Co. Rusal, some European plants could be forced to close and carmakers may face supply shortages, the group said.
“Re-jigging all of those trade flows is really really tough,” said Michael Widmer, head of metals markets research at Bank of America Merrill Lynch in London. “You’ve cut off the U.S. and Europe from its traditional supplier.”
https://www.rt.com/business/424645-german-car-producers-russian-aluminum/
https://www.bloomberg.com/news/arti...nds-alarm-that-rusal-sanctions-pain-is-coming
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Germany is raising the first signs of alarm that U.S. sanctions against a major aluminum producer will hurt manufacturers outside of Russia.
Politicians need to take quick action to avoid an economic crisis, according to a report from Germany’s WirtschaftsVereinigung Metalle, a lobbying group for 655 metals companies. Under the sanctions against United Co. Rusal, some European plants could be forced to close and carmakers may face supply shortages, the group said.
“Re-jigging all of those trade flows is really really tough,” said Michael Widmer, head of metals markets research at Bank of America Merrill Lynch in London. “You’ve cut off the U.S. and Europe from its traditional supplier.”
https://www.rt.com/business/424645-german-car-producers-russian-aluminum/
https://www.bloomberg.com/news/arti...nds-alarm-that-rusal-sanctions-pain-is-coming
Колико ће да издрже?