Extending measures taken after Russia’s invasion of Ukraine to titanium, a metal used in jets and jet engines, “would not be appropriate,” CEO Guillaume Faury told an annual shareholders’ meeting.
Ukrainian President Volodymyr Zelensky has repeatedly called on Western governments to impose stronger economic sanctions on Russia.
The European Union said on Monday that more sanctions were an option, and British Prime Minister Boris Johnson said on Saturday that Kiev’s allies would continue to step up pressure on Moscow.
Russia is the largest producer of titanium, a strategic metal valued for its strength in relation to its weight.
The EU has so far avoided banning Russian goods other than steel and coal, and titanium remains exempt from restrictions on trade with Russia.
“Airbus is enforcing and will continue to fully enforce sanctions,” a company spokesman said.
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