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En+ Group Joins Business Ambition for 1.5°C Movement

En+ Group Joins Business Ambition for 1.5°C Movement

Russian aluminium behemoth U.C. Rusal’s parent company En+ Group IPJSC announced yesterday its intention to reach certain science-based emission reduction targets (SBTi) in order to contribute to the global movement to establish a global net-zero carbon economy. In joining the Business Ambition...

Events

U.S. Government Grants En+, Rusal Another Two Weeks Before Third-Party Sanctions Kick In

Acknowledging the progress En+ Group, U.C. Rusal, and GAZ Group has made in complying with United States government requirements for distancing itself from founder Oleg Deripaska, on Friday the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) granted another extension to the firms’ grace period without stricter sanctions. A press release posted […]

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 with Reuters, the Kremlin issued a decree on Monday setting aside RUB10 billion […]

U.S. Government Extends Rusal Sanction Reprieve To Early January

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 […]

Aughinish Alumina Warns Of Imminent Difficulties Due To OFAC Sanctions On Rusal

Top brass at Ireland’s Aughinish Alumina refinery warned last week that sanctions placed upon its parent company by the Trump administration are threatening the plant’s continued operations. Executives from Limerick Alumina Refining Ltd (LARL) noted in corporate filings that it has been on tenterhooks since April, when the U.S. Department of the Treasury’s Office of […]