The shares of Russian aluminum giant RUSAL soared by 10.84% on the Moscow Exchange on July 23 on the news that the U.S. expected to find an acceptable solution to remove sanctions against the company.
“I’m not going to go into the exact specifics of what those proposals are and where we stand on them, but, yes, if we can find an acceptable solution, that is our objective,” Mnuchin said.
The U.S. Treasury imposed sanctions against billionaire Oleg Deripaska and eight companies in which he is a large shareholder, including RUSAL in April, in response to what it called “malign activities” by Russia.
The price of global depositary receipts (GDR) of Deripaska’s En+ rose by 8.04% on the Moscow Exchange. (Prime/Ukrainian metal)
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