oleg deripaska sanctions

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

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...

Events

Minor Loosening Of U.S. Sanctions On Rusal May Have Major Repercussions

A minor adjustment to the sanctions imposed upon Russian aluminium giant U.C. Rusal by the Trump administration may portend potentially major changes in the measure that has hobbled the firm and sent a tsunami of chaos and uncertainty throughout the global aluminium trade. On Friday the United States Treasury Department’s Office of Foreign Asset Control […]

Russian Government Prepared To Aid Rusal Should Conditions Warrant It: Manturov

The Russian government is prepared to step in with help for aluminium smelting giant U.C. Rusal should the Trump administration’s sanctions persist and affect operations. According to comments made by Industry Minister Denis Manturov, the Kremlin is prepared to go so far as to purchase metal from the state’s own supplies in an effort at […]

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 […]