Published 15 days ago

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

China is disguising Russian copper wire as scrap metal to avoid taxes and sanctions.
Copper scrap imports from Russia to China have significantly increased since December.
Russia's Federal Customs Service stopped publishing trade data after invading Ukraine.

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Reuters

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

16 days ago·United Kingdom

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The Straits Times

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

Russian Copper Company (RCC) and Chinese firms have avoided taxes and skirted the impact of Western sanctions by trading in new copper wire rod disguised as scrap, three sources familiar with the matter told Reuters. Read more at straitstimes.com.

16 days ago·Singapore

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ZN.UA Зеркало недели

Russia and China trade new honey under the guise of a loom

Russian copper companies and Chinese firms have found a way to bypass Western sanctions in mutual trade: they trade in new copper wire, disguising it as scrap metal, which also allows them to avoid paying taxes, writes Reuters citing its own sources.

15 days ago·Kyiv, Ukraine

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Adevarul

Russia and China trade copper disguised as waste to avoid tariffs and sanctions

The Russian Copper Company group and several Chinese firms have avoided Western taxes and sanctions through the trade in new copper, which, according to Reuters, had been turned into waste.

16 days ago·Romania

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Times Live

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

Copper wire rod was shredded in the remote Xinjiang Uyghur region by an intermediary to make it hard to distinguish from scrap, the sources said, allowing both exporters and importers to profit from differences in tariffs applied to scrap and new metal, the sources said.

15 days ago·Johannesburg, South Africa

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