Russia

Source: Kremlin Prepares RUB10 Billion Purchase Of Aluminium From Rusal

Source: Kremlin Prepares RUB10 Billion Purchase Of Aluminium From Rusal

In a bid to lend support to the sanctioned Russian Federation aluminium giant U.C. Rusal, the Russian government has plans in place to purchase up to 50 thousand metric tons of aluminium from the struggling firm. Per an unidentified source who spoke...

Events

United States Government Extends Rusal Sanctions Deadline To December 12

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has granted another month’s reprieve to Russian Federation aluminium titan U.C. Rusal with its announcement on Friday that the expiration date of the company’s general licenses has been pushed back to December 12. According to OFAC, the extension embodied in General Licenses 13E, […]

U.S. Treasury Department Delays Deadline For Ceasing Business With Rusal To November 12

Struggling Russian Federation aluminium giant U.C. Rusal received a temporary reprieve from the United States Treasury Department late last week in the form of an extension of the deadline for ending third-party transactions. According to a press release issued by the Treasury Department, the new deadline for customers to end commercial transactions with Rusal is […]

Minor Loosening Of U.S. Sanctions On Rusal May Have Major Repercussions

A minor adjustment to the sanctions imposed upon Russian aluminium giant U.C. Rusal by the Trump administration may portend potentially major changes in the measure that has hobbled the firm and sent a tsunami of chaos and uncertainty throughout the global aluminium trade. On Friday the United States Treasury Department’s Office of Foreign Asset Control […]