The Globe and Mail reports in its Friday edition that Bombardier says has been granted an exemption from Canadian sanctions targeting Russian titanium. The Globe's Steven Chase and Robert Fife write that Bombardier is the second aerospace company to be identified as having obtained a waiver from Canadian sanctions targeting Russian titanium maker VSMPO-AVISMA Corp., one of the world's largest producers of the rare metal. Airbus was the first. Bombardier chief executive officer Eric Martel told media Thursday that his company received an exemption from the sanctions because some of the aerospace company's suppliers buy the metal. A strategic metal prized for its strength relative to its weight, titanium is used mainly in aircraft engines and landing gear. One day earlier, news broke that Europe's Airbus, which has aircraft manufacturing and sales facilities in Canada, had received an exemption from Ottawa's sanctions on VSMPO-AVISMA. Such sanction exemption permits are temporary and Airbus is expected to wean itself off Russian-sourced titanium. The French government, which owns part of Airbus, had lobbied Canada to grant a waiver on Russian titanium. The Ukrainian Canadian Congress criticized the sanctions exemptions.
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