oleg deripaska sanctions

Guyanese Government Promises Protection for Workers Laid Off Due to U.S. Sanctions on Rusal

Guyanese Government Promises Protection for Workers Laid Off Due to U.S. Sanctions on Rusal

The fallout continues due to the United States Treasury Department’s decision to sanction Oleg Deripaska and Rusal, as 200 workers soon to be separated from their jobs at a Rusal contractor have turned to the Guyanese government for assurances regarding the severance...

Events

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 stepped down from his position at the helm of U.C. Rusal. The Russian aluminium giant submitted notice of the same to the Hong Kong Exchange yesterday, noting that Deripaska’s resignation took effect the same day. […]

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 Secretary Steven Mnuchin says that Oleg Deripaska must relinquish his majority position in the firm before he’ll entertain the possibility of a détente. “The first aspect would be that he sells down below 50 percent,” […]

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 […]

Trade Minister Manturov Sees Nationalization in Cards for Rusal

The sanctions the United States government levied upon Oleg Deripaska and U.C. Rusal earlier this month have dominated the aluminium headlines, and rightly so. Though Washington, D.C. has since relaxed the sanctions, the slight reprieve is not a long-term answer to the issue, especially in the eyes of U.S. Treasury Department Secretary Steven Mnuchin. Market […]