Seleznev: Russian aluminum will not leave the market, but may rise in price

On February 24, the EU approved the 16th package of anti-Russian sanctions. Imports of primary aluminum from Russia were also restricted. Russian aluminum, in any case, it will not disappear from the market, it will be in demand, it will be needed, it will be bought. Another thing is that other countries that are friendly with us, they will try to make money on this, acting as intermediaries. That is, we can assume that this will once again lead to an increase in the cost for the end consumer, said Pavel Seleznev. According to economists, Russian companies will have to look for new logistics routes for aluminum supplies, which will also lead to higher transaction costs. Earlier, the Russian Permanent Mission to the EU said that the sanctions imposed for political reasons caused more damage to the European Union than to Russia.

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