Chinese Firm Imports Copper from Russian-Controlled Ukraine.

1 min read
Source: Yahoo Finance
Chinese Firm Imports Copper from Russian-Controlled Ukraine.
Photo: Yahoo Finance
TL;DR Summary

Chinese company Quzhou Nova bought at least $7.4 million worth of copper alloy ingots from a plant in a Russian-annexed region of Ukraine that is subject to Western sanctions, according to Russian customs data. The plant is located in the Donetsk region of eastern Ukraine, close to the border with Luhansk. China has not imposed any restrictions on trade with Russia, but the United States has threatened to blacklist companies round the world for violating its sanctions and warned Beijing against supplying Moscow with goods banned by U.S. export rules.

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