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Two separate OFAC determinations did the work: one under E.O. 14068 (the Russia-specific import-prohibition authority used since March 2022 for seafood, alcohol and diamonds) adds aluminum, copper, and nickel of Russian origin to the list of goods barred from entry into the US, including into foreign trade zones. The second, under E.O. 14071 (the services-prohibition order), bars US persons from providing warranting or deliverable services for these metals on a global metals exchange (LME, CME) or from acquiring them to physically settle a derivative contract -- targeting the exchange plumbing rather than the physical trade flow directly. Metal produced before April 13, 2024 is exempt, so the ban applies prospectively to new production rather than clearing existing Russian-origin inventory off warehouse books.
The UK acted the same day with its own LME-listing prohibition on new Russian aluminum, copper, and nickel, which is the mechanism that actually bites hardest -- the LME is where most global physical trade in these metals clears, so a joint US/UK exchange-servicing ban does more to choke Russian export revenue than the US import ban alone, since US direct imports of these metals from Russia were already minimal post-2022.
(E.O. 14068) to industrial base metals for the first time, a template the Treasury can reuse against any other single-country metals producer.
Russian metal out of LME/CME warranting, which historically served as the reference-price venue, more than the direct import ban does given already-low US import volumes from Russia.
aluminum/copper/nickel actually displaced from US import channels by this action (pre-existing volumes were already low), so this file carries no trade-value magnitude figure beyond the stated production-date coverage threshold.