Boeing halts titanium purchases from Russia

Boeing said Monday it will no longer buy titanium from Russia and instead will rely on inventories and alternative suppliers for airplane production.

The US company has had a longstanding joint-venture with VSMPO-AVISMA, a Russian titanium supplier chaired by Sergey Chemezov, a close associate of Russian President Vladimir Putin was sanctioned by US authorities.

Boeing did not respond to AFP questions on the status of the joint venture.

"We have suspended purchasing titanium from Russia," a Boeing spokesperson said. "Our inventory and diversity of titanium sources provide sufficient supply for airplane production, and we will continue to take the right steps to ensure long-term continuity."