Russia: deadline for deals with RUSAL extended

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has extended the deadline for investors to wind down business with Russia’s En+ Group and aluminum giant UC RUSAL until November 12 and from GAZ Group until October 23, the authority said. “En+ and RUSAL have approached the U.S. government about substantial corporate…

Russia: NLMK expands cooperation with transformer manufacturers in India, USA and Turkey

NLMK Group, an international steel company, has signed long-term strategic partnership agreements with the leading manufacturers of components for transformers: Enpay (Turkey), KRYFS (India) and National Material Company (NMC, USA). Under these long-term agreements, NLMK Group will regularly supply transformer steel from its production sites in Lipetsk and Yekaterinburg, and offer expanded technical support. The…