Russia - Ukraine statement

The European aluminium value chain strongly condemns Russia's invasion of Ukraine. Although Russia is a current trading partner for both raw materials and energy, our companies cannot accept any form of violence and fully stand behind the EU’s strong and united response to the Russian aggression in the Ukraine. While we are currently assessing the impact of the sanctions on our value chain and how to mitigate the economic consequences, this crisis has only accelerated our efforts to broaden diversification of sourcing partners and must serve as an important reminder of the necessity to preserve domestic value chains: The EU cannot build its economic and sustainability ambitions on dependencies.

 

We therefore urge EU policymakers to intensify their efforts to develop a robust industrial strategy that combines the EU’s 2050 sustainability leadership objectives with coherent trade defence measures and strategic autonomy policy instruments.

Statement Russia Twitter (2).png