LME in Talks with Governments on Whether to Block Russian Metal
- CEO Chamberlain says exchange will follow sanctions policy
- LME copper committee has recommended banning Russian metal
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The London Metal Exchange is talking with governments about whether it should keep allowing Russian metal to be delivered into its warehouse network, said Chief Executive Officer Matthew Chamberlain.
The LME wants to make sure it “can’t be part of financing any type of atrocity,” he told Bloomberg TV in an interview. However, the exchange will take its lead from government policy, and major Russian metal producers are not currently subject to sanctions.