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

Comments on Contemporary Risks by Dr. Ziva Rozen-Bakher

Risks Timeline by Dr. Ziva Rozen-Bakher: https://www.rozen-bakher.com/timeline-risks-all

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.