Russia will stop exporting titanium to Boeing if legislation adopted – Russian senator


Russia’s Federation Council is looking to adopt counter-sanctions against the US, under which the country may ban exports of titanium to aircraft giant Boeing, an unnamed Russian senator told RIA Novosti.

Earlier on Friday, Russian deputies announced an upcoming response to the American sanctions imposed last week. According to State Duma Vice Speaker Ivan Melnikov, the Russian response would include ending cooperation with the US in the nuclear industry, aircraft building and airspace.

“Russia is able ‘to annoy’ the US by stopping or severely restricting cooperation in outer space, or by cutting supplies of components for Boeing aircraft, [and] close @ the supply of titanium,” said Petr Pushkarev, chief analyst of TeleTrade.

Under the proposed response by the Russian government, the US and its allies could also be banned from participating in Russian privatization deals. At the moment, the list of legal entities that can organize privatization transactions in Russia includes Goldman Sachs, JP Morgan, Credit Suisse, Morgan Stanley, BNP Paribas, UBS, Citi and several other foreign banks.

Russia may also limit the supply of drugs, tobacco and alcohol from the United States.

As of last year, 40 percent of Russian titanium aircraft parts were sold to Boeing and 60 percent to its European rival Airbus, according to a spokesman for Russia’s Rostec corporation.

“We have a joint venture with American Boeing. It is located in the Urals, in Verkhnyaya Salda, where products are manufactured using absolutely unique technologies. We supply not titanium, but finished titanium parts. And the know-how belongs to the Russian side,” Viktor Kladov told Rossiyskaya Gazeta at the time.

Source: RT International

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