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Set To Formalize Seventh Russia Sanctions Package With Late VSMPO Climb Down

EU

The WSJ reports that the EU is set to formalize its latest set of sanctions late Thursday, with sources claiming it will reverse course and take Russian metals giant VSMPO-Avisma PJSC off the proposed list for fears of a retaliatory ban by Russia on titanium exports at the last minute. The company is a critical supplier of titanium to Airbus SE, the world's biggest commercial jet maker.


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The WSJ reports that the EU is set to formalize its latest set of sanctions late Thursday, with sources claiming it will reverse course and take Russian metals giant VSMPO-Avisma PJSC off the proposed list for fears of a retaliatory ban by Russia on titanium exports at the last minute. The company is a critical supplier of titanium to Airbus SE, the world's biggest commercial jet maker.


Keep reading...Show less