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Market
Change in European aerospace industry reliance on Russian titanium by end of 2024?
5
Resolution / Starting Odds
Increase reliance • 33%
Decrease reliance • 33%
No significant change • 33%
Industry reports and verified news outlets
Story
Macron Persuades Canada to Ease Russian Titanium Sanctions for Airbus, Sources Say
May 30, 2024, 01:35 PM
French President Emmanuel Macron has successfully persuaded Canadian Prime Minister Justin Trudeau to ease sanctions on Russian titanium, which is crucial for Airbus and other aerospace firms. Macron's personal intervention aimed to secure a waiver from the sanctions to support the largest European aerospace corporation, Airbus, and other companies reliant on Russian titanium for their supplies. Initially firm on the sanctions, Canada granted the waivers following Macron's lobbying efforts, sources say. Reuters reported that Macron made considerable efforts to secure the waiver.
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