Date: 7 months ago   Category: Industry

Has reported to Reuters about plans of RUSAL to create the trading company in China — Rambler News Service


The Russian company "RUSAL" plans to create the trading company in China as the American sanctions threaten to undermine deliveries to the western clients, Reuters with reference to three sources familiar with a situation reports. According to sources of the agency, the trading company will include heads of sales and traders who specialize in aluminum and alumina. The team of traders will be received to be engaged in trade in the aluminum manufactured in China in domestic market. According to the document with the description of work of the head of sales, RUSAL also expects that the company will be engaged in search of opportunities for import of metal and export of aluminum production. RUSAL has refused comments, notes the agency. The Ministry of Finance of the USA has imposed on April 6 sanctions against the Russian 24 physical and 14 legal entities. I have fallen under sanctions, including the businessman Oleg Deripaska and the companies under control to him — En Group, GAZ Group, Basic Element, RUSAL. Later in the USA have specified that sanctions can be partially removed from RUSAL on condition of refusal of the businessman of control in the company. In July the Finance Minister of the USA Stephen Mnuchin has said that department conducts productive negotiations with RUSAL. He has noted that the purpose of the USA is "change of behavior of the Russian businessman". On September 15 the Ministry of Finance of the USA has allowed the companies to make new transactions with the enterprises under control to Oleg Deripaska, including with RUSAL in case contractors already concluded similar agreements earlier.

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