U.S. Senate Votes Against Extending Sanctions On Rusal
Russian Federation aluminium titan U.C. Rusal is seeing more light at the end of the sanctions tunnel after the United...
Office of Foreign Assets Control
U.S. Government Rescinds Sanctions On U.C. Rusal, En+ Group, And JSC EuroSibEnergo
The first business day back at work for the United States federal government saw the long-awaited lifting of sanctions from U.C. Rusal, En+ Group, and JSC EuroSibEnergo, bringing to a close the restrictions that crippled the firms since their imposition last April....
LME To Trade Rusal Aluminium Upon Lifting Of OFAC Sanctions
Another hopeful sign emerged last week for troubled Russian Federation aluminium giant U.C. Rusal when the London Metal Exchange confirmed...
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....
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 […]
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 company said that the move was made as part of a larger initiative, […]
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 […]
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both businesses and policymakers to accelerate decarbonization efforts. However, with COVID-19 disrupting lives and economies in an unprecedented manner, countries across the globe ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
Aluminium of Greece (AOG): is the Pechiney spirit still alive?
Between September 24-25, FastmarketsMB organized its annual aluminium conference in Athens. A day before the conference, in accordance with an ...
