IBU Executive Board finds no grouns to suspend Russia's biathlon teamSport January 21, 22:53
Russia terrified watching monuments destroyed in Palmyra — culture ministerRussian Politics & Diplomacy January 21, 17:08
Russian bombers deliver successfully strikes on terrorists' facilities in SyriaWorld January 21, 15:39
Denmark uses Russian data in its application for expanding shelf — ministerBusiness & Economy January 21, 15:15
Agreement on bases in Syria to serve strengthening of stability in Middle East — MPRussian Politics & Diplomacy January 20, 21:18
Trump's inaugural address: When America is united, America is totally unstoppableWorld January 20, 20:57
Hermitage chief: New Palmyra destruction comes across as militants' vengeanceRussian Politics & Diplomacy January 20, 20:29
Russia's first deputy PM wants to keep current tax system for next political cycleBusiness & Economy January 20, 19:53
Russia’s Shipulin clinches gold in 20km individual race of IBU World Cup stage in ItalySport January 20, 19:18
MOSCOW, July 14. /TASS/. The largest global aluminum producer Rusal wants to supply all the produced metal to Russia in the long run, Sales Director for Russia and CIS Roman Andryushin said on Thursday.
Rusal expects aluminum consumption will grow from 1.4 mln tonnes per year at present to 2.5 mln tonnes by 2024, the manager said.
Investments worth nearly $800 mln will be required at the initial stage by 2021.
"Financial resources are needed to launch this program. We made an estimate; the first phase will cost about $800 mln. We mean lending resources. These resources are need for infrastructure and production capacities of our consumers. In other words, there are no Rusal’s investments because we are working and growing at the expense of in-house resources," Andryushin said.
"1,500 companies consuming our metal require investments. $800 mln are needed for 50-100 new production facilities to add 600,000 tonnes of aluminum. Financing problem should be resolved through government programs of the Russian Ministry of Trade. We are proactively working with the ministry on this issue," he said.
Rusal is supporting aluminum consumers - processing industries and end using industries at present, Andryushin added.