Russia: US in fruitful talks with RUSAL on sanctions

The U.S. is holding fruitful talks with Russian aluminum giant UC RUSAL hit by sanctions in April, Bloomberg reported citing U.S. Treasury Secretary Steven Mnuchin. The U.S. did not plan to introduce sanctions against aluminum companies, Mnuchin said, adding he hoped he was holding fruitful discussions with the company to solve these problems. The U.S.…

Russia: Belstal bankruptcy procedure started

The supervision procedure will last in the Belstal company till October 22. The bankruptcy process was initiated by Atlasspetsstroy LLC, as Belstal owed it 7.82 million rubles for special machinery and transport. Several years ago Belstal announced its plans to construct a mini-metallurgical plant with the capacity of 500 thousand to 1.25 million tons per…