The natural gas crisis in Europe shows the problem of industrial strategies that rely on Vladimir Putin. Some Western governments and companies still haven’t received the memo.
Recently, the European Union dropped plans to include Russia’s VSMPO-Avisma in its seventh round of sanctions in response to the invasion of Ukraine. VSMPO is the world’s largest producer of titanium, which is essential for aircraft construction because it is strong, corrosion resistant and much lighter than steel. Nearly half of the world’s titanium is used in aerospace.