Russia

Rusal Kubal Aluminium Smelter’s Access to Sweden Power Market Restored

Rusal Kubal Aluminium Smelter’s Access to Sweden Power Market Restored

Rusal’s sole primary metal production facility outside Russia has been allowed back on to its country’s electrical energy market after being suspended last month due to the United States government’s sanctions against the aluminium firm. A one-sentence announcement upon Nord Pool AS’s...

Sanctions on Rusal May Pose Serious Problems for American Plants in Russia

Fallout continues from the United States government’s sanctions upon U.C. Rusal, as American firms Ball Corporation and Arconic Inc. may be forced to sell their Russian assets should a workaround not be found. The two American companies, who control one quarter of Russia’s aluminium usage, operate four plants between them in the country, and the […]

UC Rusal Sanctions: Dangerous Games on Aluminium Markets

In early April, right as LME aluminium prices slipped below US$ 2000/tonne and heralded further falls, the U.S. Treasury Department announced fresh sanctions against Russia. The U.S. imposed sanctions against 24 Russian businessmen, striking at allies of President Vladimir Putin in a quite unexpected and aggressive move to punish Moscow for its alleged meddling in […]

Norsk Hydro Weighing Force Majeure Declaration on Rusal Contracts

With the ink scarcely dry on a similar announcement by Rio Tinto Group, Norsk Hydro A.S.A. revealed on Friday that it may be forced to declare force majeure on certain contracts it has with U.C. Rusal. Hydro told investors that the sanctions levied upon Rusal by the United States government may prevent it from fulfilling […]

Jamaica Next to Feel Repercussions of U.S. Sanctions on Rusal

Ripples from the United States government’s sanctions on Rusal continue to radiate out from Moscow, reaching businesses across Europe and in North America, among other locales. Though the issue has yet to reach global headlines, Jamaica’s West Indies Alumina Company (Windalco) may well be the next domino to fall in the Rusal sanctions saga. Employing […]