Russian billionaire Vladimir Potanin, president of Norilsk Nickel, the leader of Russia’s mining and metallurgy industry, has come up with a plan to circumvent U.S. sanctions.
Interros Investment Company published an interview with Potanin in which he discusses plans to shift сopper production from Russia to China, saying that in this case, the copper would be produced in China and he would no longer be subject to sanctions.
A week earlier, the U.S imposed sanctions on copper and aluminum from Russia. According to Norilsk’s report, it plans to produce at least 398,000 tons of copper in 2024.
Vladimir Potanin is ranked second on the 2023 list of Russia’s wealthiest billionaires with a fortune estimated at $23.7 billion, having been added to the sanctions lists of both the U.K. and U.S in 2014.
