Trump's sanctions...
Rusal and Deripaska were included on a U.S. sanctions blacklist this month, scaring off many of its customers, suppliers and creditors who fear they too could be hit by sanctions through association with the company.
A number of traders and customers of Rusal’s aluminum have stopped buying the firm’s products, citing the sanctions risk, and Rusal has stopped shipping some of its products for export, according to a logistics firm and a railway operator that used to carry much of its aluminum.
While shipments have stalled, Rusal cannot readily reduce its production of aluminum because the electrolysis pots that are at the heart of the manufacturing process can be irreparably damaged if they are shut down.
U.S. customers cannot do business with Rusal any more under the sanctions, while major Japanese trading houses asked Rusal to stop shipping refined aluminum and other products and are scrambling to secure metal elsewhere, industry sources said.
Rusal is encountering problems at the other end of its production cycle too, with the sanctions affecting the overseas operations that supply it with the raw materials it uses to produce metal.
Exclusive: Unsold aluminum piling up at sanctions-hit Rusal factory https://t.co/xnBQeSvCid pic.twitter.com/ipVtabeDjL— Reuters Top News (@Reuters) April 19, 2018
19 comments:
That's two companies that sanctions have taken down. Russia, Rusal and China's ZTE.
This is war?
The US is using sanctions to take down Russia, and China, now and has been using them to take down Iran and Venezuela.
War on the cheap — if it succeeds.
I’d rather have Abe’s deal.... golf at Trump National, lunch and dinner at the Mar-A-Lago club, palm trees, wife gets to hang out with Melania...
#winning
The problem with war is that the outcome is uncertain.
We don’t have to do business with everybody if we don’t want to...
You can't attack them without consequences either. The consequences are always uncertain when many factors are involved, including confounding factors.
German and Italy are peeling off. India is not happy. Turkey already all but gone.
There is an article in Foreign Policy today, to which I won't link since it is behind a paywall, is about US losing trust.
Trust is "social glue."
So not buying aluminum is an “attack!”????
Haven't been paying attention?
Rusal was sanctioned so that no one can purchase its products without incurring US penalties themselves
China's ZTE violated the imposition of sanctions in Iran and now it is headed under along with Rusal.
This is economic warfare similar to a naval blockade, which is considered at acid of war.
Should be "act of war." But "acid" is fitting, too. Sanctions act like acid.
We are trying to bring business back to US domestic aluminum industry... It’s down to just 10% of US market for aluminum...
They can just sell their aluminum to Russian customers and there is no problems...
Bogus sanctions. Russia provides 7% of the aluminum imported to the US.
If correcting trade imbalance and rebuilding domestic aluminum production was the goal then Canada (which provides 36% of imports) and China (15%) would be the principle targets.
This is not an economic action, it is a military action. Another example of the Deep State using Trump to execute its agenda.
Gets us back up to 17% in one stroke of the pen....
#winning
I’d rather have Abe’s deal.... golf at Trump National, lunch and dinner at the Mar-A-Lago club, palm trees, wife gets to hang out with Melania...
#winning
What are you -- a prude?
No, Matt, "winning" would be YOU, the wife, and Melania hanging out together ;)
Take the wives golfing? I dont think so...
Gets us back up to 17% in one stroke of the pen....
Sanctions on Canada would get us to 46% "with the stroke of a pen".
Keep blowing up your own arguments. It's fun to watch.
In due time Noah....
You guys (like Vlad) think it’s the Soviet Union all over again...
The US elite has yet to realize that the USSR is no longer, just like they don't yet realize that the gold standard is no longer.
They seem to be so deep in denial that they cannot connect with the reality of change.
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