Friday, April 26, 2024

Canada's also granted "exemption" from Russian titanium sanctions

Hard on the heels of reports that Airbus' production in Canada was granted an "exemption" from sanctions against imports of Russian titanium (apparently after lobbying from the French government, which partially owns Airbus), comes the news that Canada airplane producer Bombardier has been granted just such an exemption too.

The only justification offered for either exemption is that, well, titanium is needed for airplane building (engines, landing gear), and Russia's VSMPO-AVISMA Corp. is one of the world's largest producers of titanium, i.e. no justification at all.

There's not much point in imposing sanctions if you're just going to cave in when it gets awkward. 

Even stranger, though, a look at the major producers of titanium shows China way ahead (and to be fair, for other reasons, we don't really want to buy from them if at all possible), followed by Mozambique, South Africa, Australia and ... Canada. Russia does not even appear in the top 15 of global titanium producers. So, exactly why are we buying titanium from Russia?

Bombardier CEO Eric Martel deadpans, "We did work with the government and we did work also with our supplier base to make sure we were doing the right thing. But at the same time we needed to ensure, you know, that we keep running our factories." Ah, well, that explains it then.

Foreign Affairs Minister Mélanie Jolie explains, "We will always make sure to put maximum pressure on the Russian regime and meanwhile protect out jobs here at home. We can do that together." Well, no you can't; that's not how sanctions work. 

Such fecklessness! Ukraine is livid, understandably. You can just imagine the wry smile on Vladimir Putin's ugly mug as we speak.

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