Australia Bans Alumina Exports to Russia: An Effective Sanctions?
https://www.rozen-bakher.com/timeline-risks/20/03/2022/0536
Published Date: 20 March 2022 at 05:36
Risks Timeline by Dr. Ziva Rozen-Bakher
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Dr. Ziva Rozen-Bakher
A Researcher in International Relations/International Business with a speciality in Risks for Foreign Direct Investment (FDI), International Trade, and Mergers and Acquisitions (M&As) in relation to Security Risks, Political Risks, Economic Risks, and Strategic Risks
20 March 2022 at 05:36. Good Morning, Everyone. Recently, we read many headlines about the export ban on Russia as part of the sanctions, so I will analyse the export ban of Alumina that was imposed by Australia as an example to show the ineffective of these export bans on Russia. Indeed, Australia is the top Alumina provider worldwide, yet Russia has its own alumina production at around 3000K per year, while its imports around 5000K per year. If we look at alternative suppliers for Australia, then there are plenty of alternatives, such as China and Brazil, especially under the splitting of suppliers mechanism. Thus, in the long-run, this ban will backfire on Australia because unlikely that Russia will return to import alumina from Australia after finding new suppliers.
