Imports reportedly tripled in April year-on-year Stacks of aluminium ingots in a foundry in Sayanogorsk, Russia © Getty Images/Bloomberg Creative Since the start of the conflict in Ukraine, between March 2022 and February 2023, Chinese imports of Russian aluminum increased by nearly 94% to reach 538,500 tons worth $1.36 billion. Russia’s share of Chinese aluminum imports stood at roughly 69% last year. China is the world’s largest aluminum producer and consumer, accounting for around 59% of global production of the metal in 2022, according to the International Aluminum Institute. READ MORE: Britain bans Russian diamonds Russia, one of the world’s top aluminum exporters, has seen its exports restricted by the US and its allies. In February 2023, Washington imposed 200% duties on imports of Russian-made aluminum products. In March, Canada banned imports of Russian aluminum and steel. Russian aluminum producers have responded by turning to countries that have not supported Western sanctions. For more stories on economy & finance visit RT’s business section
