Ukraine: Rusal share in ZALK decreased
The share of the Russia-based Rusal in Zaporozhye Aluminum Works (ZALK) decreased from 97.547% to 29.5363%, while that of State Property Fund increased from 0% to 68.0095%.
The share of the Russia-based Rusal in Zaporozhye Aluminum Works (ZALK) decreased from 97.547% to 29.5363%, while that of State Property Fund increased from 0% to 68.0095%.
Judson Trading (Cyprus) asked Commercial court of the Zaporozhye region to recover $39.15 million from the only Ukrainian primary aluminum manufacturer Zaporozhye Aluminum Works (ZALK).
Rusal president Oleg Deripaska said he hoped for the political decision in matters with Western sanctions and situation in Ukraine.
Rusal is going to sell the surplus stock of the Zaporozhye Aluminum Works (ZALK) to compensate for the current expenses to keep the company operating.
Management of Zaporozhye Aluminum Works (ZALK) plans to disassemble wire rod shop, said Oleg Lyashko, the leader of the Radical Party of Ukraine.
In 2014 Zaporozhye Aluminum Works (ZALK) received 1971.97 million UAH of losses.