Rusal Chairman Warnig Resigns Per Agreement With U.S. Government For Lifting OFAC Designation
Russian Federation aluminium titan U.C. Rusal announced on Wednesday the departure of Matthias Warnig from the company’s board of directors....
Russian Federation aluminium titan U.C. Rusal announced on Wednesday the departure of Matthias Warnig from the company’s board of directors....
Acknowledging the progress En+ Group, U.C. Rusal, and GAZ Group has made in complying with United States government requirements for...
In a bid to lend support to the sanctioned Russian Federation aluminium giant U.C. Rusal, the Russian government has plans...
The Trump administration announced on Friday another month-long extension of a reprieve from sanctions for En+ Group, Rusal, and GAZ, noting the progress founder Oleg Deripaska is making toward divesting his interests in the firms. Per a press release from the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), the trio of […]
Russian Federation aluminium behemoth U.C. Rusal released results for the third quarter yesterday. Though still laboring under sanctions imposed on it by the Trump administration, Rusal posted a 55-percent jump in net profits in the just-ended quarter. In the third quarter Rusal smelted 940 thousand metric tons of primary aluminium, up by 1 percent on […]
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 company said that the move was made as part of a larger initiative, […]
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, […]
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 […]
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