Russia: RUSAL wants Ukraine to redeem investments in local plant

Russian aluminum giant UC RUSAL has filed a suit to the International Center for Settlement of Investment Disputes (ICSID) demanding Ukraine to redeem the company’s investment in Zaporozhye Aluminum Complex, a RUSAL representative reported. “Affiliates of RUSAL have turned to the ICSID with a request to compensate for the investment in Zaporozhye Aluminum Works. The…

Ukraine: Rusal falls under sanctions

Ukraine has imposed sanctions on Rusal and its offshore company Judson Trading Limited (Cyprus), according to the Presidential decree. The sanctions have been imposed following the companies’ activities, which pose a threat to the national security and prevent the stable economical development. In particular, Rusal has been accused of blocking assets, limiting trade operations in…

Russia: TaAZ to be constructed anew

The construction of the aluminum works in Tayshet could start in 2017, according to the deputy of the Irkutsk region government head Anton Logashov. At present the construction is halted. Rusal has been constructing TaAZ since 2006. The works capacity should stand at 750 thousand tons of aluminum per year. (Ukrainian metal)

Russia: Vekselberg mulls buying Onexim stake in Rusal

Russian billionaire businessman Viktor Vekselberg is weighing the purchase of a stake in aluminum giant UC Rusal from Mikhail Prokhorov’s Onexim Group, Vekselberg said. The acquisition is being “seriously considered”, Vekselberg noted, declining to give any details on the terms of a potential deal. Onexim made informal approaches this year to sell its 17% stake…