Russia

Tariffs and Sanctions Prompt Rusal to Move Stockpiles to Ports in May

Tariffs and Sanctions Prompt Rusal to Move Stockpiles to Ports in May

Struggling beneath the yoke of aluminium tariffs and the millstone of sanctions imposed by the United States Treasury Department, Russian Federation smelter U.C. Rusal’s exports of aluminium appeared to rise sharply last month. However, according to sources, the movement of aluminium was...

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 […]

Glencore and Rusal Ask LME to Lift Suspension on Trading of Rusal’s Aluminium

Citing the Trump administration’s extension for complying with the sanctions it placed upon U.C. Rusal, Anglo-Swiss mining and trading firm Glencore plc has joined with the Russian miner in petitioning the London Metal Exchange to temporarily lift the suspension on Rusal’s aluminium. Sources revealed to Reuters on Friday that the request had been made, but […]