Post
Topic
Board Economics
Re: Australian banned exports of alumina
by
ajochems
on 25/03/2022, 20:33:59 UTC
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.



This was the another move of the country towards the Russian.The Russian government should change the move towards the Ukraine.In my country the cooking oil price also increased without the intimation to our country people.Oil was the essential one for the cooking,so we consume oil at high price.The limit of export to Russia will create the scarcity to them in many way.