Home > News > Russia

Russia says it will support companies hit by U.S. sanctions

Tuesday, Apr 10, 2018

   Russia says it will support companies hit by fresh U.S. sanctions as shares in aluminum producer Rusal plummeted.

  Deputy Prime Minister Arkady Dvorkovich said in comments reported Monday by state news agencies that Russia will back the companies “if their positions worsen.”
  Shares in Rusal, which is controlled by the billionaire businessman Oleg Deripaska, plunged just over 50 per cent on the Hong Kong stock exchange Monday.
  Rusal says in a statement that the sanctions “may result in technical defaults in relation to certain credit obligations” and are highly likely to be “materially adverse to the business and prospects of the group.”
  Deripaska controls a business empire with assets in aluminum, energy and construction and has ties to former Donald Trump campaign chairman Paul Manafort, who once worked as his consultant.

Recommended exhibitions

China Lightweight Vehicle Summit 2018
China’s automobile industry development has faced with enormous pressure on energy and environmental protection. In ord......
Aluminum company promises to hire 550 in heart of Appalachia
An aluminum company says it will build a $1.3 billion plant in the heart of Appalachia, promising to hire 550 people and......
Aluminium China 2017 to Drive Industry Transformation in Lig
This year’s Aluminium China in Shanghai from 19-21 July is set to mark a new period of growth in the aluminium industry......
International aluminum meeting to include Northern Ontario c
Advocates for workers who were exposed to aluminum dust while working in Northern Ontario mines will present their work ......