Rusal

GAZ Group to be nationalized?

GAZ Group to be nationalized?

Russia’s largest commercial carmaker GAZ Group might go bankrupt and may be nationalized due to U.S. sanctions, Russian businessman Oleg Deripaska said in an interview at the company’s headquarters. …

 Rusal, En+ shares soar 10% after lifting of U.S. sanctions

Rusal, En+ shares soar 10% after lifting of U.S. sanctions

Shares of Rusal and En+ on the Moscow Exchange soared 10% after the statement of the U.S. Treasury Department on the lifting of sanctions against the companies. The shares of Rusal added almost 10% and reached 34.98 rubles per share, …

U.S. lifts sanctions from Rusal, En+, EuroSibEnergo

U.S. lifts sanctions from Rusal, En+, EuroSibEnergo

The U.S. Department of Treasury lifted sanctions imposed earlier on Rusal, En+ and EuroSibEnergo, it said yesterday in a statement. "The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today lifted …

U.S. starts lifting anti-Russian sanctions

U.S. starts lifting anti-Russian sanctions

The U.S. Department of the Treasury is set to remove Russian companies Rusal, En+ and Eurosibenergo (ESE) from its sanctions blacklist, U.S. Treasury Secretary Steven Mnuchin said in a statement. "En+, …

Jean-Pierre Thomas appointed Rusal board chairman

Jean-Pierre Thomas appointed Rusal board chairman

Russia's aluminium company Rusal appointed independent non-executive director Jean-Pierre Thomas as its new chairman as part of an agreed restructuring in exchange for the lifting of U.S. sanctions. Jean-Pierre …

Rusal decides to move from Jersey to Russia

Rusal decides to move from Jersey to Russia

The Board of Directors of Russia’s sanctions-hit aluminum giant Rusal has decided to redomicile it from Jersey (part of the Channel Islands archipelago) to Russia, the company said in a statement made at the Hong Kong Stock Exchange. …

Deripaska offers sanctions relief plan to US Treasury - media

Deripaska offers sanctions relief plan to US Treasury - media

Oleg Deripaska’s aluminium-to-energy group En+ has presented the final version of a plan to the US Treasury in a bid to free itself from sanctions, which threaten to sink the company and upend global metal markets, The …

Rusal Q2 profit surges vs year-ago earnings

Rusal Q2 profit surges vs year-ago earnings

Adjusted net profit of Russian aluminum producer Rusal in the second quarter of 2018 decreased 31% in comparison with the first quarter and amounted to $218 million, the company said in its interim report. In comparison with the second …

Rusal shares up in Hong Kong and Moscow

Rusal shares up in Hong Kong and Moscow

Shares of Russia’s aluminum producer Rusal on the Hong Kong Stock Exchange grew 14.3% as of 04:30 Moscow time today amid reports of negotiations between the company and the US authorities on the possible removal of sanctions, according to …

Rusal chief executive and 7 directors resign

Rusal chief executive and 7 directors resign

Russian aluminium producer Rusal said its chief executive and seven directors had resigned. The company said that “in furtherance of such efforts”, chief executive Alexandra Bouriko had resigned and seven …

Will state buy Deripaska's stake in Rusal?

Will state buy Deripaska's stake in Rusal?

Russian industry and trade minister Denis Manturov said that he would not rule out the possibility that the state buys a stake in Rusal from top shareholder Oleg Deripaska, targeted by US sanctions. …

Will US Treasury drop Rusal sanctions?

Will US Treasury drop Rusal sanctions?

The U.S. Treasury said it would provide sanctions relief to Rusal if Oleg Deripaska relinquished control, according to statement. It also extended the deadline for companies to wind down dealings with the Russian aluminum …

Rusal shares plummet to new low

Rusal shares plummet to new low

Russia's aluminium producer Rusal tumbled as much as 21% this morning in Hong Kong after the US promised further sanctions against Moscow for supporting the Syrian government. The Trump administration vowed to impose more sanctions …