Kremlin: Rusal’s nationalization not under consideration

The option of Rusal’s nationalization due to the company’s hurdles amid US sanctions is not under consideration, the Kremlin spokesman Dmitry Peskov said.

The Kremlin spokesman added that Rusal’s owners have not voiced any related proposals.

"No, the option is not under consideration. The cabinet of ministers is tackling issues related to rescue of companies facing illegal restrictions imposed by a number of countries, including the US, at President’s request. No decisions have been made, various options are under consideration," TASS cited the spokesman as saying.

"As far as nationalization is concerned, we have not heard owners and main shareholders voicing wishes to take the nationalization path, whereas in this particular case one should focus not only on the state, but also on owners themselves," Peskov said, adding that "in this regard no signals have been received."