Australia has banned all alumina exports to Russia to curtail its skill to make aluminium, a key materials wanted within the development business and the manufacturing of weapons and munitions. Oleg Deripaska, an oligarch who holds a big stake in Rusal’s majority shareholder, has additionally been added to Australia’s record of sanctioned businessman.
“As a result of the Australian Government’s sanction measures, Rio Tinto has taken on 100 per cent of the capacity and governance of Queensland Alumina Limited until further notice,” the corporate stated.
Rio Tinto, the 80 per cent proprietor of the refinery, is amongst a rising variety of companies in Australia and worldwide looking for to sever business ties with Russian companies following the invasion of Ukraine.
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