New sanctions have triggered a market rally, Dmitry Peskov has noted New Western sanctions against Russian metals are a weapon that cuts both ways, Kremlin spokesman Dmitry Peskov has said. The US and UK have targeted Russian-origin aluminum, copper, and nickel, aiming to reduce Moscow’s export revenues. The “illegal” restrictions introduced last week will backfire on the countries that imposed them, Peskov claimed on Monday. He noted there has been a “certain destabilization” on the metals market following the ban, referring to a rally on a leading commodity exchange earlier the same day. Washington banned the im
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