Canada on Friday announced a ban on imports of Russian aluminium and steel products, with the aim of denying Moscow revenues to fund its war in Ukraine.
The imports were worth almost Can$250 million (US$180 million) in 2021, according to the latest government data. The ban comes as a 200 per cent tariff on Russian aluminium imports announced last month by the United States came into effect, and after the EU already blocked Russian steel products last year.
“Canada, and our partners, have already sanctioned the Russian Central Bank and capped the price of Russian oil and gas,” Deputy Prime Minister Chrystia Freeland said in a statement.
“And now, we are ensuring (President Vladimir) Putin cannot pay for his war by selling aluminium and steel in Canada, in coordination with action taken by the United States today.”
The ban covers Russian unwrought aluminium, aluminium sheets, and finished products including containers and other household items made from aluminium.
Also prohibited are all primary Russian steel products, including iron and non-alloy steel, semi-finished, and finished products such as tubes and pipes.
Most of Canada’s steel imports come from the United States, representing nearly 45 per cent of US steel exports, while almost 90 percent of Canada’s aluminium production is shipped to its southern neighbour.
AFP
