Aluminum rose in London as the European Union readied a proposal to gradually ban imports of the metal from Russia.

The European Commission included restrictions on sales of video games and joysticks to Russia in its 16th package of sanctions on Moscow, the proposal document showed.

Russia exported a record volume of liquefied natural gas (LNG), according to calculations by RBC based on data from the analytics firm Kpler. The country shipped 33.6 million tons abroad last year, an increase of four percent from 2023 and two percent more than in 2022,

The European Union is considering a ban on Russian aluminum imports, along with other sanctions, but faces growing opposition from some member states.

The European Union is proposing a phased ban on imports of Russian aluminum as part of a broad sanctions package ahead of the third anniversary of the Kremlin’s invasion of Ukraine, according to people familiar with the matter.

The European Union is preparing another package of sanctions against Russia, which is expected to include further restrictions on banks being cut off from the SWIFT system. Additionally, discussion surrounds the targeting of another 70 ships from the so-called "shadow fleet" and imposing a ban on the import of Russian aluminium,