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Russia and China trade new copper disguised as scrap to skirt taxes, sanctions

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15 April 2024
Financial
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FILE PHOTO: Trucks carrying copper and other goods are seen waiting to enter an area of the Shanghai Free Trade Zone, in Shanghai September 24, 2014. REUTERS/Carlos Barria/File PhotoBusiness & FinanceCommodities

Reuters exclusively reported[1] that Russian copper producer RCC and Chinese firms have avoided taxes and skirted the impact of Western sanctions by trading in new copper wire rod disguised as scrap.

Market Impact

China has

Read more https://www.reutersagency.com/en/reutersbest/article/russia-and-china-trade-new-copper-disguised-as-scrap-to-skirt-taxes-sanctions/

  • Previous Article Lockheed wins US missile defense contract worth $17 bln
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