Rusal Resumes Aluminium Shipments To U.S. Buyers
With sanctions finally in the rear-view mirror, Russian Federation aluminium giant U.C. Rusal said earlier this week that it has...
rusal sanctions
Rusal Completes Redomiciliation From Jersey To Russian SAR
Russian Federation aluminium giant U.C. Rusal announced yesterday the redomiciliation of its company to Russian soil. Rusal is now a corporate resident of the Oktyabrsky Island Special Administrative Region (SAR), in the Kaliningrad Region. The firm moves its domicile from Jersey, where...
Despite Sanctions, Rusal’s Sales Of Alumina Jumped By 26.8 Percent In 2018
Russian Federation aluminium titan U.C. Rusal reported financial and production results for 2018 yesterday, turning in strong numbers especially in...
U.S. Government Rescinds Sanctions On U.C. Rusal, En+ Group, And JSC EuroSibEnergo
The first business day back at work for the United States federal government saw the long-awaited lifting of sanctions from...
Events
End To Sanctions On Rusal A Boon To Armenian Aluminium Supplier
Easing of sanctions upon Russian Federation aluminium giant U.C. Rusal will be a boon to an aluminium mill that provides financial security to thousands of Armenian families, explained a spokesperson for the Armenian National Committee of America (ANCA) after last week’s vote in the United States Senate against prolonging such sanctions. In a press release […]
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 voted 57-42 to end debate on the legislation, effectively ending its consideration by […]
LME To Trade Rusal Aluminium Upon Lifting Of OFAC Sanctions
Another hopeful sign emerged last week for troubled Russian Federation aluminium giant U.C. Rusal when the London Metal Exchange confirmed that it would begin again accepting the firm’s aluminium when United States government sanctions are lifted. Per Reuters, the Exchange discussed resuming the trading of Rusal aluminium upon the revocation of sanctions, and no objections […]
Rusal Chairman Warnig Resigns Per Agreement With U.S. Government For Lifting OFAC Designation
Russian Federation aluminium titan U.C. Rusal announced on Wednesday the departure of Matthias Warnig from the company’s board of directors. The now-former chairman’s resignation is part of the corporate restructuring Rusal agreed to in order to have sanctions lifted by the United States government. “I am confident that I can hand over to my successor […]
RUSAL: Citing Compliance With Sanctions, OFAC Begins Process Of Dropping Designation
After spending over eight months laboring against some of the toughest sanctions levied in recent years by the United States government on a Russian firm, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced yesterday its intentions to end sanctions on En+ Group plc UC Rusal plc, and JSC EuroSibEnergo. Per […]
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 ...
