U.S. Treasury Deadline for Rusal Divestment Extended to August 5 as Deripaska Departure Deal Progresses
Though viewed by some as a relaxation of sanctions for Oleg Deripaska’s companies, experts say a two-month extension granted by...
oleg deripaska en+
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...
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...
U.S. Sanctions Not Meant to Slay Rusal: Treasury Secretary Mnuchin
Though the United States government says it isn’t trying to snuff the life from Russian aluminium giant U.C. Rusal, Treasury...
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 […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
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 ...
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 ...
