The United States will increase duties on the import of metals, minerals and chemical products from Russia

US President Joe Biden will sign a decree to increase the import duty on Russian metals, minerals and chemical products. About it reported in the White House press office.

“The President will sign an executive order to increase tariffs on certain Russian goods imported into the United States <...> Today’s action will result in tariff increases on more than 100 Russian metals, minerals and chemicals worth approximately $2.8 billion for Russia.

February 6 Bloomberg reported about the introduction by the authorities of the United States of duty on Russian aluminum in the amount of 200%. At the same time, the source of the agency said that the American authorities were targeting metal from Russia, because. Moscow allegedly “dumps” aluminum on the US market and harms American companies.

December 16, 2022 Council of the European Union approved the ninth package of sanctions against the Russian Federation, which also introduced a ban on new investment in the Russian mining industry, with the exception of “certain critical raw materials.” Titanium, aluminium, nickel, iron ore, copper and palladium were on the list of likely exceptions.

At the end of June 2022, Biden also announced about increasing duties on certain goods from Russia by 35%. Then the press service of the White House clarified that this was due to the suspension of “normal trade relations” with Russia, and also noted that the increase in duties on goods whose import into the United States is not prohibited is in the “foreign policy interests of the United States.”