Currency converter
^
All news
News Search Topics
ОК
Use filter
You can filter your feed,
by choosing only interesting
sections.
Loading

New York Mercantile Exchange imposes restrictions on supply of aluminum from Rusal

April 11, 16:12 UTC+3 MOSCOW

Rusal is currently assessing the consequences of the restrictions imposed by the LME on the aluminum trade by the Russian company after it was included in the US sanctions lists

Share
1 pages in this article
© AP Photo/Seth Wenig

MOSCOW, April 11. /TASS/. Comex (Commodity Exchange, Inc.), a division of the New York Mercantile Exchange (NYMEX), has canceled approval for the registration and supply of aluminum from Rusal, according to Comex.

The London Metal Exchange (LME) said earlier, "With effect from 00.01 UK time on 17 April 2018, any metal owner wishing to place metal of any Rusal Brand on warrant may only do so where the metal owner is satisfied, and can demonstrate to the reasonable satisfaction of the LME, that it will not involve any breach of the sanctions".

Rusal is currently assessing the consequences of the restrictions imposed by the LME on the aluminum trade by the Russian company after it was included in the US sanctions lists.

On April 6, the United States announced imposing new sanctions against a number of Russian officials, businessmen and companies. The list includes Oleg Diripaska, as well as Gazprom CEO Alexey Miller, VTB CEO Andrey Kostin, owner of Renova Viktor Vekselberg, President of Surgutneftegaz Vladimir Bogdanov, Member of Sibur Board of Directors Kirill Shamalov, businessmen Igor Rotenberg and Suleiman Kerimov.

At the same time, the list of companies includes several structures related to Oleg Diripaska - agroholding Kuban, Eurosibenergo, Rusal, Russian Machines and GAZ Group, investment company B-Finance, holdings Basic Element and En+. In addition, Vekselberg's Renova group, Shamalov's Ladoga Management, Russian Financial Corporation (owned by Rosoboronexport, also on the list), NPV Engineering and Arkady Rotenberg’s Gazprom Bureniye were included in the list.

Shares of Russian companies, sovereign bonds and the ruble fell on Monday, reacting to US sanctions. In particular, the ruble-denominated MOEX Russia Index (previously MICEX) decline reached 9.5%, while the dollar-denominated RTS fell by 11.9%.

Show more
Share
In other media
ADVERTISEMENT
Partner News
ADVERTISEMENT