Rolls-Royce will stop buying Russian titanium – RBC
Rolls-Royce chief executive Warren East, against the backdrop of London’s election campaign against Moscow because of the military operation in Ukraine, said that the company “for some time started” will not buy titanium in Russia
Photo: Nathan Lane/Bloomberg
The British company Rolls-Royce will stop buying Russian titanium, which is used to make aircraft engines. About it The Telegraph reported Chief Executive Warren East.
“We have been building up our sources over the past few months. In addition, we have accumulated stocks of our Russian supplier,” he said. “We assumed that we would not take titanium from Russia for some time,” East said.
As an economy newspaper, Rolls-Royce has been gradually reducing its dependence on titanium consumption from Russia since 2015, but until now, about one-fifth of all demand has come from this country.
Britain received an award against VTB, Aeroflot, Rostec, USC and UAC
On February 24, the UK decided against Russia because of the military operation in Ukraine. VTB, Aeroflot, the United Aircraft Corporation, Rostec, the United Shipbuilding Corporation, Uralvagonzavod and the Tactical Missiles Corporation fell under them. In addition, London introduced a £50,000 ($66,800) limit on the amount of money that Russians can keep in British bank accounts.