Trade wars escalate: Russia may stop titanium exports to Boeing

Russia’s Federation Council continues to explore the adoption of counter-sanctions against the United States.

According to Russian Senator Sergey Ryabukhin, one such measure may include banning exports of titanium components to aircraft giant Boeing.

Ryabukhin told RIA Novosti…

“Among the rare earth metals that Russia supplies to the United States is titanium, which is necessary for the technological cycle of production of Boeing.”

The senator also noted that Russia may also ban the supply of RD-180 engines used by NASA and the Pentagon.

“These rocket engines are used not only by NASA, but also by the Pentagon on their satellites. It means the US uses these rocket engines to launch their military satellites.”

Via RT….

Earlier on Friday, Russian deputies announced an upcoming response to the American sanctions imposed last week. According to State Duma Vice Speaker Ivan Melnikov, the Russian response would include ending cooperation with the US in the nuclear industry, aircraft building and airspace.

“Russia is able ‘to annoy’ the US by stopping or severely restricting cooperation in outer space, or by cutting supplies of components for Boeing aircraft, [and] close the supply of titanium,” said Petr Pushkarev, chief analyst of TeleTrade.

Under the proposed response by the Russian government, the US and its allies could also be banned from participating in Russian privatization deals. At the moment, the list of legal entities that can organize privatization transactions in Russia includes Goldman Sachs, JP Morgan, Credit Suisse, Morgan Stanley, BNP Paribas, UBS, Citi and several other foreign banks.

Russia may also limit the supply of drugs, tobacco and alcohol from the United States.

As of last year, 40 percent of Russian titanium aircraft parts were sold to Boeing and 60 percent to its European rival Airbus, according to a spokesman for Russia’s Rostec corporation.

“We have a joint venture with American Boeing. It is located in the Urals, in Verkhnyaya Salda, where products are manufactured using absolutely unique technologies. We supply not titanium, but finished titanium parts. And the know-how belongs to the Russian side,” Viktor Kladov told Rossiyskaya Gazeta at the time.

Russian presidential spokesman Dmitry Peskov said the Kremlin will analyze the bill, but no definitive answer about its introduction can be given yet. “We need time to analyze the point of view of Russian lawmakers who initiated the bill, in order to formulate some position later,” Peskov told journalists on Friday.

(Visited 29 times, 1 visits today)
Please follow and like us:

Other articles of interest:

Russia builds an ‘unstoppable’ 4,600mph cruise missile that could sink the Royal Navy... Russia has built a hypersonic missile capable of destroying an aircraft carrier with a single impact, it has been reported. Kremlin chiefs claim to h...
If You Drink Alcohol Regularly, You Need To Read This (N.Morgan)  While it may be common knowledge that alcohol is bad for us, there are still harmful effects many are unaware of. Alcohol is a known ca...
Tanks on Move Near Oroville Dam – Big Story Unfolding It started out as a simple story coming from Paul Preston of Agenda 21 Radio. Paul reported to me that there sightings of tanks in Marysville, CA....
New timeline for Las Vegas massacre shows security guard Jesus Campos was shot a minute AFTER gunman... A new timeline for the Las Vegas massacre has been released, putting the shooting of hotel security guard Jesus Campos just after the slaughter began ...
Give People a Universal Income to Keep Them Quiet While Global Government Grows Globalization and its New Discontents … Fifteen years ago, I wrote a little book, entitled Globalization and its Discontents, describing growing oppos...

415total visits,2visits today