Russia: board chairman leaves Rusal

Rusal announces the resignation of Matthias Warnig from the office of the chairman of the board.

Warnig was elected a member of the board in June 2012.

In October 2012 he was elected chairman of the board.

The new chairman will be chosen at the next meeting of the board. (Ukrainian metal)

Russia: sanctions from RUSAL to be removed in 30 days

The U.S. Department of the Treasury intends to lift sanctions from Russian power companies En+ Group and EuroSibEnergo, and aluminum giant UC RUSAL of businessman Oleg Deripaska in 30 days, but will retain sanctions against Deripaska personally, it said in a statement. The authority sanctioned these companies because of their ownership and control by Deripaska,…

Russia: US postpones sanctions against RUSAL

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 December 12. The deadline for termination of contracts with GAZ Group remained on October 23. RUSAL shares and Global Depositary Receipts of En+…

Russia: Rusal gathering Chinese traders

Rusal is gathering a team of traders in China. According to sources, Rusal is creating a trade company consisting of a head of sales and traders, specializing in aluminum and alumina. The company will trade aluminum produced on local Chinese market. Rusal also hopes the company will analyze the ways to import metal to China…

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: Rusal to invest $3 million in SKAD

The acting governor of Krasnoyarsk region Alexander Uss and Rusal president Vladislav Soloviev have visited one of the major Russian enterprises to produce car wheels of aluminum alloys – the Casting-Mechanical Works SKAD LLC. The company is situated in the city of Divnogorsk and has been a part of Rusal since 2017. SKAD produces over…