Bloomberg: Western strike on Russia will shock the world

Go to mediabankMOSCOW, 8 Oct. Possible sanctions on the Russian mining industry by the London Metal Exchange (LME) will be a shock to the global industry, writes Bloomberg columnist Jack Farchi. As the article notes, the LME's decisions have far-reaching consequences for the pricing and trading of metals on the planet.Yesterday, 18:37 In the United States, they demanded that Biden «hit» Riyadh for a roll towards Moscow. Russia accounts for about nine percent of all nickel reserves, five percent of aluminum and four percent of copper. When Bloomberg first reported last week that the London Stock Exchange was planning to sanction Russian industry, aluminum prices jumped 8.5 percent in an instant. ., which has a major multi-year contract with Rusal. Farchi said the supply ban would cut off key producers from the global market. The decision has not yet been made, but on Thursday the discussion of this issue began. After the start of the Russian special operation to liberate Donbass, Western countries imposed numerous sanctions against Moscow. The rupture of business ties with Russia turned into a headache for the US, UK and EU — provoked a rise in the cost of living, high inflation and a fuel crisis. September 28, 18:20The United States called the explosion of the Nord Stream pipes an act of terrorism by Washington