EE Impact

Red Metal

Switzerland · Energy, Oil & Gas, Metals & Mining, Services

LeaveRussia detail: Suspension

Operations suspended

Privately owned and financed by major international banks and corporations. The company's annual turnover is. US$ 2.5 billion.

Status last verified 03/08/2026Source checked 31/10/2023Company website ↗LeaveRussia profile ↗

Decision trail

Decision date 29/10/2023 · Reference ↗

Red Metal AG, a Swiss trading company that had been a significant buyer of Russian copper, has now wound down that business, according to Managing Director Milan Popovic. “Red Metal AG has completely terminated all contracts with Russian suppliers and the last delivery we received was on September 6, 2023,” he said, adding that the company would now focus on other countries including Serbia, Uzbekistan, Mongolia, China and Kazakhstan.

Status history since 2022

  1. 03/08/2026 suspended · Imported from KSE LeaveRussia

Exposure profile

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Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.

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