oleg deripaska sanctions

U.S. Treasury Department Delays Deadline For Ceasing Business With Rusal To November 12

U.S. Treasury Department Delays Deadline For Ceasing Business With Rusal To November 12

Struggling Russian Federation aluminium giant U.C. Rusal received a temporary reprieve from the United States Treasury Department late last week in the form of an extension of the deadline for ending third-party transactions. According to a press release issued by the Treasury...

Events

Citing U.S. Sanctions, Rusal To Close Nadvoitsky Smelter

Embattled Russian Federation aluminium giant U.C. Rusal says sanctions placed upon it by the Trump administration has forced it to end production at a smelter in northwest Russia. Rusal has started ramping down production at its Nadvoitsky plant in Karelia, citing the twin body blows of Section 232 aluminium tariffs and the sanctions levied upon […]

U.S. Government May Lift Sanctions On Rusal – Mnuchin

A light at the end of the sanctions tunnel appeared late last week for embattled Russian Federation aluminium smelter U.C. Rusal in the form of comments made by United States Treasury Secretary Steven Mnuchin noting the Trump administration’s openness to removal of the company from its sanctions list. Mnuchin made the comments to the news […]