RUSAL has resumed shipping of primary aluminum to Europe and the United States to the level prior to US sanctions, according to the companys chief executive officer Evgeny Nikitin.
“The entire volume of aluminum supplies to Europe and US has been resumed. The company hasnt resumed shipment of alloys in full so far, but we are working on the issue,” the top executive said on the sidelines of the annual economic forum in Krasnoyarsk.
Read more
According to Nikitin, RUSAL, one of the biggest global suppliers of aluminum, is currently ramping up deliveries of its products to all export markets to reach the levels seen before Washington blacklisted the company. The CEO stressed that the company is launching supplies under new contracts with Japanese and US partners.
In April 2018, the US Treasury Department introduced sanctions against the companys owner Oleg Deripaska and enterprises under his control, including En+, and Basic Element. The blacklist banned US corporations and their partners from dealing with sanctioned individuals and enterprises.
In January, the restrictions were lifted after the billionaire agreed to reduce his stake in En+ to 44.95 percent from 70 percent. Deripaska still remains on the sanctions list with his assets in the US frozen.
According to earlier reports, En+, pareRead More
[contf]
[contfnew]
RT
[contfnewc]
[contfnewc]
