Russia

Trump Tariffs Have Cost The Russian Economy US$600 Million So Far – Economic Minister Oreshkin

Trump Tariffs Have Cost The Russian Economy US$600 Million So Far – Economic Minister Oreshkin

According to government estimates, the total damage done to the Russian economy by the Trump administration’s tariffs on aluminium and steel imports is US$600 million to date. Russian Economic Development Minister Maxim Oreshkin revealed the damage estimate in the course of an...

Events

Russian Government Prepared To Aid Rusal Should Conditions Warrant It: Manturov

The Russian government is prepared to step in with help for aluminium smelting giant U.C. Rusal should the Trump administration’s sanctions persist and affect operations. According to comments made by Industry Minister Denis Manturov, the Kremlin is prepared to go so far as to purchase metal from the state’s own supplies in an effort at […]

Citing U.S. Sanctions, Rusal To Close Nadvoitsky Smelter

Embattled Russian Federation aluminium giant U.C. Rusal says sanctions placed upon it by the Trump administration has forced it to end production at a smelter in northwest Russia. Rusal has started ramping down production at its Nadvoitsky plant in Karelia, citing the twin body blows of Section 232 aluminium tariffs and the sanctions levied upon […]

Rusal’s Q2 Profits Overcome U.S. Sanctions Thanks To Rising Aluminium Prices

Higher global aluminium prices overcame nearly crippling sanctions in the second quarter to boost Russian Federation aluminium giant U.C. Rusal’s bottom line. Yesterday’s results were the first since the Trump administration’s April 6 sanctions on Oleg Deripaska, En+ Group, Rusal, and several other Russian individuals and firms. Rusal said the U.S. Office of Foreign Assets […]