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U.S. Senate Votes Against Extending Sanctions On Rusal

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 States Senate rejected legislation that would have kept the world’s second-biggest aluminium producer under sanction. On Wednesday the upper house of Congress...

Events

Deripaska Agrees to Leave Leadership of Sanction-Hobbled Rusal

In an effort at mollifying the powers that be in Washington, D.C., Oleg Deripaska has agreed to a significantly reduced role in the embattled Russian aluminium giant U.C. Rusal. According to a release published late last week by Rusal’s parent En+ Group, Deripaska will sell off sufficient shares to winnow down his ownership percentage from […]

En+ Group begins leadership reshuffle

Following the US Treasury’s sanctions imposed on April 6th 2018 on aluminium tycoon Oleg Deripaska and his companies, En+ Group has initiated an extensive reorganisation of its management. On April 24, the Group informed stakeholders in a press release that the Board of Directors had approved the appointment of Vyacheslav Solomin as Chief Executive Officer […]

Deripaska, Rusal, and En+ Group Face Sanctions From U.S. Treasury Over Alleged Election Interference

Russian Federation aluminium giant U.C. Rusal is searching for answers in the wake of sanctions levied against it and other Russian interests on Friday by the United States Treasury Department. The world’s second-most-prolific aluminium maker found itself caught up in the latest sanctions against individuals identified by Washington, D.C. as being connected to or otherwise […]

Rusal’s Deripaska to Step Down and Focus on Norilsk Nickel

Russian Federation industrialist Oleg Deripaska is to step down from his position as president of both En+ Group and U.C. Rusal, Russian and international media reported. While RUSAL clarified that no such decision has been made yet and that the Company’s board will discuss executive changes on 22 February, sources told the media earlier this […]