UC Rusal sanctions

Sanctions on Rusal Leading to Salary Shortages for Windalco Workers

Sanctions on Rusal Leading to Salary Shortages for Windalco Workers

The sanctions levied against U.C. Rusal by the United States Treasury Department last month are starting to hit home with the rank-and-file workers at the company’s several plants around the world. According to sources who spoke with Bloomberg, Rusal has been unable...

Events

Glencore and Rusal Ask LME to Lift Suspension on Trading of Rusal’s Aluminium

Citing the Trump administration’s extension for complying with the sanctions it placed upon U.C. Rusal, Anglo-Swiss mining and trading firm Glencore plc has joined with the Russian miner in petitioning the London Metal Exchange to temporarily lift the suspension on Rusal’s aluminium. Sources revealed to Reuters on Friday that the request had been made, but […]

Rusal Kubal Aluminium Smelter’s Access to Sweden Power Market Restored

Rusal’s sole primary metal production facility outside Russia has been allowed back on to its country’s electrical energy market after being suspended last month due to the United States government’s sanctions against the aluminium firm. A one-sentence announcement upon Nord Pool AS’s website on Tuesday notified traders that Kubikenborg Aluminium AB (Kubal) reacquired its trading […]

Situation At Aughinish Alumina “Critical”: Irish Business Minister Humphreys

Ireland’s Minister for Business, Enterprise and Innovation Heather Humphreys characterized the tenuous situation at Aughinish Alumina as “critical” while in Washington, D.C. to meet with various officials of the Trump administration in an effort at resolving the situation between it and Aughinish’s parent company Rusal. Though she praised the decision made late last month to […]

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,” […]