EU to Propose Russian Aluminum Ban in Sweeping Sanctions Package

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 package — which has been circulated among member states during the week beginning January 27 — also proposes sanctions that would cut more banks off from the SWIFT banking system, and actions targeting more than 70 dark-fleet vessels involved in shipping Russian oil, the people said.

The sanctions package would allow European buyers to import 275,000 metric tons of the Russian metal under a quota system for a one-year period, before a full ban comes into effect, according to a document seen by B…