INSUBCONTINENT EXCLUSIVE:
China has begun disguising imported Russian copper wire as scrap metal to avoid taxes and the impacts of Western sanctions, Reutersreported
Monday, citing customs data and anonymous sources familiar with the matter.Copper wire rod is mainly used for making power cables, while
copper scrap is a mix of used products chopped into grain-sized pieces
According to Reuters, a Chinese intermediary is shredding newly imported Russian copper wire rod in the remote Xinjiang Uyghur region, which
The shredded metal is also harder to trace, making it easier to sell to Chinese manufacturers and keep doing business with buyers wary of
Russian companies under Western sanctions, though there are no legal restrictions on buying metal from sanctioned Russian firms.The Russian
The company was sanctioned by Western countries.Customs data on Chinese imports of copper wire rod is not publicly available
metric tons of copper scrap imports while Russian data showed only 73 tons exported that month
