United Nations member states have adopted a resolution condemning Russia’s vote to annex the occupied territories of Ukraine at the United Nations special emergency meeting held in New York on 12 (local time). With an overwhelming approval rating of 143 votes in favor, five countries, including Russia, North Korea and Belarus, voted against, while 35 countries, including China and India, abstained. EPA Yonhap News “/>
Russia has again attacked Kiiu, the capital of Ukraine. This is the picture of the strengthening of the offensive after the explosion of the Crimean bridge. As civilian death tolls rise, foreign media reports have suggested that the United States is considering sanctions on Russian aluminum imports. After this news, international aluminum prices have soared.
○ “Kiue self-destruct drone attack”
According to foreign media such as Reuters on the 13th, the Ukrainian presidential office said via Telegram that “there was another attack using ‘self-destructive drones (kamikaze)’ on important infrastructure (Kiiv)”. However, it did not specify which structures were attacked.
According to the Ukrainian authorities, on the 12th and 13th, Russia bombed about 40 Ukrainian cities and towns with missiles. In addition to missiles, Russia has been using the Iranian “Shahed-136” drone to attack Ukraine for weeks. This drone is also called “Kamikaze drone” because it is an unmanned aerial vehicle that transports explosives and charges to a target. Iran denied providing Russian drones, but Russia declined to comment.
At the UN special emergency meeting held in New York on the 12th, a resolution condemning Russia’s vote to annex the occupied territories of Ukraine was adopted with overwhelming support. Of the 193 Member States, 143 voted in favor. The resolution defines Russia’s vote to annex the occupied territories of Ukraine as an illegal act with no effect under international law and calls on Russia to withdraw from Ukraine immediately.
○ “Review on aluminum sanctions in Leshan”
Bloomberg reported on the 12th that the United States is considering sanctions on Russian aluminum imports in response to Russia’s indiscriminate airstrikes. Administration Joe Biden said he was considering three options: a total import ban, punitive tariffs that could have a substantial trade ban, and sanctions against Russian aluminum producer Rusal. Rusal is the world’s largest aluminum producer, excluding Chinese companies, the world’s largest aluminum producer.
The United States did not include aluminum in the list of initial sanctions in the war in Ukraine. This is because it is a metal used in all industries, from iPhones to appliances and automobiles. Russia accounts for 10% of US aluminum imports.
If sanctions are introduced, the impact on the global economy will be enormous. If the price of aluminum rises due to a decrease in the supply of aluminum, it is inevitable to increase the price of products that use aluminum, such as cars. However, as the war continues, there are few cards left that can be used as additional sanctions against Russia, so there is a possibility that aluminum could become the subject of regulation.
The price of aluminum futures on the London Metal Exchange (LME) rose 3.1% from the previous day to close at $ 2,305 per ton. It increased 7.3% during the day, recording the largest daily increase.
By Noh Yoo-jeong, staff reporter [email protected]
