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

15 April 2024, 12:00 am

1 min read

FILE PHOTO: Trucks carrying copper and other goods are seen waiting to enter an area of the Shanghai Free Trade Zone, in Shanghai September 24, 2014. REUTERS/Carlos Barria/File Photo

Reuters exclusively reported that Russian copper producer RCC and Chinese firms have avoided taxes and skirted the impact of Western sanctions by trading in new copper wire rod disguised as scrap.