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Australia stops exports of alumina to Russia and



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Australia has imposed an immediate ban on exports of alumina and aluminum ores, including bauxite, to Russia, the federal government in Canberra announced on Sunday as part of its sanctions against Moscow for invading Ukraine, Reuters reported.

“Russia supplies almost 20% of its alumina needs from Australia,” according to a statement from the Australian government, signed by Prime Minister Scott Morrison.

He added that the decision would limit Russia’s ability to produce aluminum, an essential export product for Russia.

“The government will work closely with top exporters and agencies affected by the ban to find new markets and expand existing ones,” the statement said.

Anglo-Australian mining giant Rio Tinto owns an 80% stake in Queensland Alumina Ltd (QAL) in a joint venture with Russia’s Rusal International PJSC, the world’s second-largest aluminum producer controlled by oligarch Oleg Deripaska. persons sanctioned by Western countries.

Last week, Australia imposed sanctions on two Russian businessmen with ties to its mining industry, one of whom was billionaire Oleg Deripaska, who holds shares in QAL through Rusal.

Australia has so far imposed a total of 476 sanctions on 443 people, including businessmen close to Russian President Vladimir Putin, and on 33 entities, including most of Russia’s banking sector and all entities responsible for the debt. sovereign of the country, it is shown in the communiqué.

The government also said it would donate at least 70,000 tons of thermal coal to Ukraine to meet its energy needs.

Australian coal producers have been overwhelmed by supply requests in recent weeks from Ukraine, but also from other countries that have relied on their fossil fuel supplies, such as Poland.

The Australian company Whitehaven Coal has quickly scheduled a shipment, and the government is now working with the company and the governments of Kyiv and Warsaw to deliver supplies as soon as possible, according to the statement from the Australian central authorities.

The government has also promised additional military equipment and humanitarian aid to Ukraine.