Russia

Moscow Petitions WTO for Third-Party Status in Aluminium Tariff Negotiations Between US and EU

Moscow Petitions WTO for Third-Party Status in Aluminium Tariff Negotiations Between US and EU

The government of the Russian Federation said Tuesday that it has requested to join consultations at the World Trade Organization between the United States and the European Union over the Trump administration’s aluminium tariffs. Per the request, which is dated June 15,...

Events

Bowing to U.S. Sanctions, Deripaska Relinquishes Rusal’s Reins

In a move aimed at encouraging the Trump administration to ease sanctions on the firm, Russian businessman Oleg Deripaska has stepped down from his position at the helm of U.C. Rusal. The Russian aluminium giant submitted notice of the same to the Hong Kong Exchange yesterday, noting that Deripaska’s resignation took effect the same day. […]

Sanctions on Rusal Leading to Salary Shortages for Windalco Workers

The sanctions levied against U.C. Rusal by the United States Treasury Department last month are starting to hit home with the rank-and-file workers at the company’s several plants around the world. According to sources who spoke with Bloomberg, Rusal has been unable to pay full compensation to certain workers outside of Russia partially due to […]

Rusal’s Pre-Sanction Q1 Recurring Profit Jumped 22.4% to US$531 MM

Russian Federation aluminium smelter U.C. Rusal released first-quarter results late last week, showing solid growth in the period immediately prior to the Trump administration sanctions that hobbled the firm just days after the quarter’s close. Rusal showed revenue of US$2.744 billion in the quarter, a 19.5-percent improvement over last year’s opening quarter, but essentially level […]