Airbus granted reprieve from Canadian sanctions on Russian titanium, sources say
Source says it came to Ottawa’s attention there were unforeseen effects of the sanctions that would affect jobs in Canada
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Source says it came to Ottawa’s attention there were unforeseen effects of the sanctions that would affect jobs in Canada
The Montreal company is the second aerospace firm to be granted a waiver; Airbus was the first
Bombardier is now the second large Canadian corporation known to have been granted an exemption from federal government sanctions on Russian titanium.
AIRBUS-CANADA/TITANIUM (UPDATE 1):UPDATE 1-Airbus wins reprieve from Canadian sanctions on Russian titanium
Canada has granted Airbus a waiver to allow it to use Russian titanium in its manufacturing after becoming the first Western government to ban supplies of the strategic metal in the latest package of measures triggered by the war in Ukraine. The move gives Airbus flexibility in its Canadian plants and is expected to allay concerns that its core operations could be hit by effectively banning the import to Canada of European-built long-range jets that rely most heavily on titanium. Russian state-backed VSMPO-AVISMA has for years been the industry's largest titanium supplier.