Airbus intends to seek alternative sources for supplying titanium amid sanctions against Russia

MOSCOW. April 1 (Interfax) - European aviation concern Airbus intends to seek alternative sources for supplying titanium amid Western sanctions against Russia, an Airbus representative told Interfax.

"Geopolitical risks are integrated into Airbus' policy regarding titanium suppliers. We are protected in the short- and medium-term. We will intensify our efforts to provide for alternative sources of supplies," the representative said.

PJSC VSMPO-Avisma Corporation , the largest supplier of titanium for many companies in the global aerospace industry, is located in Russia.

United States aviation concern Boeing Co. (SPB: B.A.) in early March announced that it was suspending purchases of titanium from Russia.