European Union “last minute” rejected a proposal to impose sanctions against the Russian steel company VSMPO-Avisma, the world's largest producer of titanium, The Wall Street Journal reported, citing European diplomats.
Brussels blocked the initiative after it was not supported by France and other countries because of fears that Russia would retaliate by banning the export of titanium to the European Union.
«VSMPO-Avisma» is an important supplier to the Airbus shipbuilding corporation, which has previously called on the EU to refrain from a ban on titanium imports from Russia, the newspaper notes.
Airbus— In March, Boeing suspended the purchase of titanium from VSMPO-Avisma.
The material is being supplemented.