In the wake of Western sanctions against Russia, European policymakers are grappling with the continent's heavy dependence on Russian-produced titanium, a critical material for the aerospace industry
Despite banning or restricting imports of other Russian metals, Europe has yet to take similar action on titanium This is largely due to the aerospace sector's significant reliance on supplies from VSMPO-AVISMA, the world's largest integrated titanium producer, which is based in Russia
The issue came to the fore earlier this year when Canada imposed sanctions on VSMPO-AVISMA, prompting a personal intervention by French President Emmanuel Macron to secure waivers for European aerospace firms like Airbus
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Source and Credit: reuters.com
