Russia

Yielding To U.S. Pressure, Oleg Deripaska Steps Down From En+ Group

Yielding To U.S. Pressure, Oleg Deripaska Steps Down From En+ Group

Following through on promises made this summer to United States government regulators, U.C. Rusal’s parent company En+ Group announced on Friday that founder Oleg Deripaska has passed the company’s reins to a successor. In a brief press release issued on Friday, the...

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 […]

U.S. Sanctions May Mean A Lonely Mating Season For Rusal

The yearly highlight of the global aluminium industry is set to begin on Wednesday in Berlin: Metal Bulletin’s 33rd International Aluminium Conference. The three-day meeting is typically considered the ground for the so-called “mating season,” that time of the year when deals are struck between aluminium suppliers and their buyers for what sales of aluminium above […]

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 […]