The Russian Copper Company (RMK) has been included in the SDN list by the U.S. Now the mining holding has no right to conclude transactions with American companies, and its assets in the United States, if any, will be frozen.
According to dprom.online, after RMK was included in the sanctions list, only Norilsk Nickel had the right to do business with the United States among major copper producers. Earlier, the ban was extended to Udokan Copper even before the start of production, as well as to the Ural Mining and Metallurgical Company.
RMK does not publish operational reports, and it is unclear whether sanctions will have an impact on the company's activities. According to experts, the figures of copper exports, despite economic restrictions, should remain approximately the same as in 2022.
Companies have already rebuilt logistics chains and are actively working with Asian consumers. In addition, exports to Europe, although reduced, have not been completely stopped.
The updated sanctions list also includes Vorkutaugol and AGD Diamonds. The private diamond mining holding, although officially sanctioned for the first time, has already faced economic restrictions: in its report last year, it noted difficulties with logistics and calculations.
Alex Shishlo for Rough&Polished
