Australian has banned exports of alumina and aluminum ores, including bauxite, to Russia as new sanctions take effect over to the military invasion of Ukraine.
"Russia relies on Australia for nearly 20% of its alumina needs," the Australian government said. It added that the move will limit Russia's capacity to produce aluminium, which is a critical export for Russia.
"Russia relies on Australia for nearly 20% of its alumina needs," the Australian government said. It added that the move will limit Russia's capacity to produce aluminium, which is a critical export for Russia.
What strikes me as especially crazy in all of this destruction and sanctions is how little the stock markets have been affected by this. Many countries around the world are suffering from runaway inflation, we seem to have gotten past the worst of Covid but it's still lurking and now we have a huge war between millions of people on the edge of Europe. There seems no sign of stopping any time soon yet countries all over are still in this blissful economic bubble which is about to go pop. It's a damn shame that so much suffering has to take place with little benefit to anyone - Ukraine was at relative peace, even after getting attacked in 2014 and the world was on the path back to normal.