Rio Tinto to end commercial relationships with Russian businesses
on Thursday became the first major mining company to announce it was cutting all ties with Russian businesses, joining a raft of leading Western companies in a pullout following Moscow's invasion of Ukraine.
Leading U.S. companies like McDonald's, PepsiCo, Coca-Cola and Starbucks stopped trading with Russia this week, offering a united rebuke of the war on Ukraine. Moscow describes its actions there as a "special operation"."Rio Tinto is in the process of terminating all commercial relationships it has with any Russian business," a Rio spokesman said in a message sent to Reuters. It wasn't immediately clear with which companies Rio has done business in Russia.
The global miner owns an 80% stake in Queensland Alumina Ltd in a joint venture with Russian aluminium producer Rusal International PJSC
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