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Aluminium: prices shrug off 200% US duties on imports from Russia
Aluminium prices on the London Metal Exchange (LME) eased on the back of the US decision to impose heavy tariffs on Russian metal. One year after Russia's invasion of Ukraine, the US said it would impose a 200% tariff on Russian-produced aluminium from 10 March,...
Sanctions and tariffs: the US hits Russia on the anniversary of the war in Ukraine
The US marked the first anniversary of the Russian invasion of Ukraine by announcing new sanctions against Russia and its allies, new export controls, and tariffs aimed at undermining Moscow's ability to wage war. Washington also said it would provide an additional $2...
UK will help reduce electricity costs in energy-intensive sectors
The UK will help reduce electricity costs in energy-intensive sectors from next year to ensure that industries, including the steel sector, remain internationally competitive. The proposal, which will be discussed in the spring, will exempt companies from certain...
India ready to sign agreement with UAE, Nigeria and Malaysia for use of rupees in bilateral trade
Sources close to the Indian government said negotiations with the United Arab Emirates (UAE), Malaysia and Nigeria for bilateral trade in Indian rupees are making progress and a memorandum of understanding is expected to be signed no earlier than next month. A team of...