US Imposes Sanctions on Russia's Largest Titanium Producer
The United States Department of Commerce has decided to impose export restrictions on five companies from Russia. The largest titanium producer in Russia, VSMPO-AVISMA, is now included in the sanctions list.
This was reported in the official journal of the US Federal Government.
The list will come into effect on September 27th. Currently, you can familiarize yourself with all the "new" members of the sanctions list.
In particular, the Bureau of Industry and Security, which is part of the US Department of Commerce, is introducing additional restrictions against the following Russian companies:
- Device Consulting LLC
- Grant Instrument LLC
- SMT Alloys LLC
The US government has stated that these organizations act against the interests of national security or foreign policy of the United States.
It should be noted that the world's largest producer of titanium and products made from it is the Russian corporation "VSMPO-AVISMA." They sell raw materials and finished titanium products to Russian military plants, which, in turn, manufacture combat aircraft, helicopters, cruise missiles, and other military equipment from this titanium.
The "VSMPO-AVISMA" corporation covers the entire technological cycle from raw material processing to the production of finished products. The corporation's products are also exported.
According to the United States, "VSMPO-AVISMA" is involved in producing products for Russia's military sector, and there is a critical risk of the redirection of American defence technologies associated with it.
Moreover, Ukraine is home to 20% of the world's titanium raw material reserves, according to the United Mining and Chemical Company. Titanium and products made from it are practically not manufactured in Ukraine itself, with exports consisting of concentrate, which is used in other countries to produce finished products.
Since the beginning of the full-scale Russian war in Ukraine, the Security Service of Ukraine has repeatedly shut down the operations of enterprises whose founders or ultimate beneficiaries were Russian businessmen or foreign companies associated with them.
Additionally, according to the US Ministry of Trade, four more Russian companies that have fallen under sanctions supplied components for drones in the interests of the Main Intelligence Directorate of the General Staff of Russia.
This list also introduces export restrictions on 23 organizations from other countries worldwide. This includes legal entities registered in China, Germany, the UAE, Oman, Pakistan, and Finland, among others.
The full list is available here [link].