Canada bans imports of aluminum and steel from Russia

CANADA banned the import of raw aluminum and finished products from it, iron, semi-finished products and finished steel products. Steel and aluminum from RUSSIA are already under US and European restrictions

Canada has imposed an embargo on the supply of aluminum and steel from Russia since March 10, according to the website of the Canadian government.

Canada has banned the import of all Russian aluminum products such as raw aluminum, aluminum sheets and finished products, including containers and other household items made from aluminum.

It is forbidden to import and steel products: iron, non-alloyed (carbon) steel, semi-finished products and finished products, such as pipes.

Russian steel and aluminum are also subject to restrictions from other Western countries. The United States, in its sanctions package, timed to coincide with the anniversary of the special operation in Ukraine, introduced a 200% duty on the import of aluminum products from Russia from March 10, and from April 10 the same duty will apply to products made from Russian raw materials.

BLOOMBERG wrote in October 2022 that Washington was considering a complete ban on aluminum imports from Russia. Russia's largest aluminum producer, Rusal, has been under US sanctions for about five years.

The EU imposed a ban on the supply of products from Russian steel and iron back in March 2022. Then the embargo included molds and profiles made of cast iron and non-alloy steel; tin products; various types of steel sheets; products from fittings and wire; welded and seamless pipes.

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In October 2022, the EU expanded the list of steel products prohibited from import: a steel slab (used for the production of flat products) and a square billet (used for the production of rebar) were added to the list. However, the embargo on them will only come into effect in 2024.

Russia considers the sanctions imposed against it illegal. The HEAD of the Ministry of Economic Development Maxim Reshetnikov noted in December 2022 that the country's economy had already withstood several waves of restrictions and did not show such a strong decline as it was predicted abroad.